Limits for LOL are increasing:
• stETH (from 6,000 to 8,000 in 6 months)
• stablecoins (up to $8M in 6 months)
What’s odd is that buybacks (which are purchased by this LOL) are calculated for 10,000, so there won’t be a quick buyback of tokens. The maximum is 8,000 over six months. It probably shouldn’t have been limited to six months.
This is an implementation of the previously proposed automated buyback scheme.
Retained:
• implementation at >$40 million in revenue
• no more than $50,000 per day
• no more than $10 million per year
They removed the ETH=$3,000 limit, but according to their calculations, an average price of 2,700 per year generates 40 million in profit, so the chances of this system working anytime soon are extremely low.
A new classification system for Node Operators is proposed in CMv2.
Voting and decisions regarding these changes have already been made in previous months.
The following levels will be proposed (revenue percentages remain unchanged):
• Professional
• Professional Trusted
• Public Good
• Extra Effort (Lido support)
• Decentralization
• Intra-Operator DVT Cluster