# Activate Lido Protocol Governance with Revenue Share Staking **URL:** \ **Category:** Proposals\ **Created:** [February 26, 2024, 5:16pm UTC](https://research.lido.fi/t/activate-lido-protocol-governance-with-revenue-share-staking/6738 "2024-02-26T17:16:05Z")\ **Posts on this page:** 1\ **Showing post:** 2
**Author:** ![Hasu](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/hasu/32/5328_2.png) [@Hasu](https://research.lido.fi/u/Hasu)\ **Post date:** [February 27, 2024, 10:53am UTC](https://research.lido.fi/t/activate-lido-protocol-governance-with-revenue-share-staking/6738/2 "2024-02-27T10:53:28Z")
Since we had this discussion [less than a year ago](https://research.lido.fi/t/proposal-introducing-ldo-staking/4636), I’ll briefly reiterate why I see this as a bad idea. It results from several flawed assumptions about the economic health of the Lido protocol. 1. **Lido treasury isn’t ~$500m but actually $130m. LDO should be [fully discounted](https://uncommoncore.co/a-new-mental-model-for-defi-treasuries/)** ![image](https://europe1.discourse-cdn.com/flex013/uploads/lido/original/2X/9/97efdb1cf332765325508a53ba84f48a7107f803.png) 1. **Lido’s annual cost isn’t $16m but was $100m in 2023 and projected to be $50-60m in 2024.** ![image](https://europe1.discourse-cdn.com/flex013/uploads/lido/original/2X/3/367163c1e7d664e65545812c59a327634a818b09.jpeg) 1. **Lido’s surplus is 0, so there isn’t anything to distribute yet** ![image](https://europe1.discourse-cdn.com/flex013/uploads/lido/original/2X/5/53bd59d123e5403a4df66fd7c7de6baf5acb9c4b.jpeg) 1. **If you tapped into revenue (not surplus) like suggested, you’d have to** 2. **So instead, I propose the following steps** All charts taken from [https://dune.com/steakhouse/lido-safu](https://dune.com/steakhouse/lido-safu) --- _[View the full topic](https://research.lido.fi/t/activate-lido-protocol-governance-with-revenue-share-staking/6738)._