Lido Treasury Diversification — Part 3

Hi friends,

I also missed the deadline. I don’t have a good excuse. I simply didn’t follow the instructions correctly the first time and by the time I got around to doing it right, the window had closed.

Even though our allocation was rather small, it would be unfortunate if we weren’t able to claim it. Had we known that the Lido DAO would attempt to renege on what the Lido team had agreed to, we would have tried harder to correct this mistake earlier on, when it was less of an issue…

For what it’s worth, I think Lido is a fantastic project. My introduction to the project was in the context of potentially including stETH as collateral for RAI, by reflexer.finance, which we’re still exploring.

I see though in the comments above @Storino calling me out specifically because they don’t believe I’m worthy of the allocation, citing that I don’t seem to be struggling enough. I admit I’m somewhat offended by this attempt at discrediting my worthiness to be a participant in Lido and would hope that this doesn’t reflect how Lido DAO intends to do business moving forward.

Since my worthiness is on trial though, this is me: I spent the last 5 years of my life doing whatever I can to make Ethereum win.

I joined ConsenSys in 2016 where I helped invent TCRs and did state channels research.

I started SpankChain in 2017 where we put the first Ethereum payment channels into production (and helped incubate Connext). Our SpankBank staking code also inspired the SNX staking system, which ended up being the template for modern defi agriculture.

In 2019 at the bottom of the bear I summoned MolochDAO and spent around 40 of my personal ETH (along with several other ETH heroes) over the next year to provide grants to open source Ethereum projects. Most notably, I led the first grant for Tornado.Cash and helped pay for and coordinate their audits.

In 2020 I also launched Moloch v2, which is what The LAO and MetaCartel Ventures both run on. I’m extremely proud of our DAO accomplishments and their impact in reclaiming the DAO narrative from the PTSDAO that “The DAO” left us with.

Also in 2020 I helped start Reflexer Finance, building the RAI stablecoin, which Vitalik is a fan of

I hope you all find my contributions to the space worthy and allow me to participate, I believe Lido and stETH have a bright future and would love to contribute to their ongoing success.

Cheers,
Ameen

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