I agree that this post is on point.
That’s exactly why I’m proposing buybacks not from protocol profit, but from treasury surplus.
I (and possibly no one here) have a clear understanding of where the protocol’s expenses are actually going.
- Liquidity expenses – is there any detailed breakdown of these costs?
I reviewed several liquidity venues and I don’t see any active LP incentives provided by Lido. - Operating expenses – this is also unclear. The numbers fluctuate significantly, from $1.5M to $6M per month.
As long as the community doesn’t have specific and transparent data,
we’re just left accepting high expenses as a given.
And if we never ask questions, they’ll likely remain high.
I believe it’s time we start thinking seriously about the protocol’s efficiency