TechFlow news: The Lido community is currently conducting a key vote on whether to deposit all ETH staked by the protocol into its treasury. The proposal aims to create productive assets within the Lido treasury to offset operational costs.
Based on current yields (approximately 4%-6% annually), staking Lido's current holdings of 20,000 ETH is expected to generate an additional $2 million in revenue per year.
All members of Lido's Financial Management Committee have expressed support for the proposal and have cast their votes in favor.
The current voting period will end on July 1 at 01:47 UTC. As of this writing, 100% of participating members have voted in favor of the proposal.
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