The first Tokenholder Update Call will take place on August 14 at 2 PM UTC.
How to join?
No registration needed — watch the livestream: youtube.com/live/31b7WG_vNdw
Optional: Add it to your calendar via Lu.ma
Want to ask a question? You can:
Will this meeting be recorded?
Yes, it will be recorded.
I would like to ask about Lido being one of a main providers chosen for ETF eth staking, wanted to find out what will be a competition between centralized providers in fees who issue this ETF’s in future?
And will they be interested in all to use liquid staking?
I mean generally for steth vaults, would it be even possible to interact with ETF staking liquidity.
Thank you! Great team, great product. Its an honour to read your DAO, my first DAO reading ever that got me interested to go deeper.
The Lido Tokenholder Call has wrapped up!
The session provided updates on Lido’s current status, Lido Labs’ new leadership structure and business approach, key growth priorities, and buyback proposals.
If you were not able to join live, you can watch the full recording.
Links and related materials mentioned in the call:
Lido Financial Reporting dashboard: https://dune.com/steakhouse/lido-safu
Lido Performance dashboard: https://dune.com/LidoAnalytical/Lido-Finance-Extended
Lido v3 testnet: https://v3.lido.fi/testnet
Delegation: https://blog.lido.fi/delegation-enhancing-governance/
Linea and Lido V3: https://blog.lido.fi/linea-lido-bringing-native-yield-to-l2s/
Lido’s Kean Gilbert on Liquid Staking, ETFs, and Ethereum’s Future: https://youtu.be/imB2Z-Desyo
Hi, I have a few questions on topics that were touched upon in this call.
I was particularly interested in the issues related to regulatory matters:
Thank you for such a good questions!
In the U.S., there is currently a lack of clarity on the taxation of staking and liquid staking. Just as the SEC is starting to provide guidance on the securities law issue with staking and liquid staking, we are optimistic that Congress and the U.S. Department of Treasury will do the same on taxation. The U.S. President’s Working Group on Digital Asset Markets recommended in their report that the Treasury department should publish guidance on this topic. Given the President’s favorable approach to the crypto industry, we are optimistic that future guidance or legislation will likely be coming and positive to the industry.
There is currently a market structure bill being worked on in the U.S. Congress. The Clarity Act passed the House of Representatives and the Senate is working on its own version. We are optimistic that later this fall, the Senate will pass its version of the market structure bill and eventually, a single bill will be approved by both chambers of Congress. Congress has already passed the stablecoin bill called the GENIUS Act. Although the market structure bill is unlikely to directly address buybacks, it will likely address the nature of a token (i.e., whether it is a security or commodity), create a framework for decentralization that will exempt companies from certain security law requirements, and provide additional positive laws for the crypto industry. Under this more favorable environment, we intend to submit our proposal to the DAO for approval, and if approved, will be executed on-chain that will be transparent to everyone and controlled by the DAO. In terms of risk, we cannot speak for other companies as they have their own unique circumstances in their assessment. We want to take a more measured approach as compliance is an important principle for us.
Although the foundations are incorporated in the Cayman Islands, whether the U.S. or EU has jurisdiction is not dependent on place of incorporation. Doing business with companies or individuals in the U.S. or EU will be enough in most circumstances for the applicable court to conclude that jurisdiction applies.