The merge could probably need to be accounted for if this proposal extended to bringing market makers to Lido’s staked token products, but seems to be irrelevant in the present case (just LDO). Right?
Yes, that, and the Merge will also not really directly affect Lido’s liquid staking tokens in any way, so I want to ensure that this common misconception isn’t what the user was getting at.
Post-merge we may see an increase in demand/appetite for staking (and liquid staking) as it may be seen as a reduction in the risk of staking, but the largest impact on the staking landscape will come when withdrawals are enabled (which are scheduled for the first hard-fork after the Merge). Even post-withdrawals, though, it’s not like there’s no use case or reason to use stETH or wstETH – in fact the primary use case, which is using a productive asset for defi instead of a non-productive one, is strengthened (because withdrawals means that there’s a natural market mechanism, arbitrage, for peg stabilization).
2 Likes
mr izzy sir, people are excited for LDO x Merge, b/c this hype will drive price action to the LDO token, which the team and its mercenary capital that it values so highly over community do not care about the price of LDO bc they’re all paid off
the merge hype is for us plebs who bought LDO on the open mkt and are underwater. this is some hope that we have
with a cex like binance or coinbase, it will be easier for speculation to occur
additionally as @vsh previously stated, it is expected that LDO rewards will slow down significantly post merge bc the staking rewards from eth will be paid, so LDO rewards wont be as necessary.
What lido has to do is quickly scale to staking on other chains, the team is too slow right now
Not paying attention to cex and economic models is stupid, this disregard is baffling
To bring the thread back onto the rails.
I think opening up a RFP (request for proposal) thread would be fine. As VSH has mentioned it might be a non starter due to legal risk. It would be helpful to understand experience from the firms, case studies, data, background and loan terms. Lido may not be able to take any direct action however.
This will require someone to step up, speak with prospective market makers and let them know of the RFP.
As @helin and @lin_he (helin) have stated, again, please understand, it is a matter of legal risk. As has been mentioned in other threads, Lido is more risk averse than other DAOs and has to be careful with taking actions that can land it in regulatory hot water or run a foul of many different laws.
Centralized exchange listings and market making are 2 such activities that walk a thin edge from a legal standpoint. It matters how it is done. I am looking at how we can work with exchanges and would love any insight you might have on the matter.
3 Likes
Thank you, I hope lido will be better in the future, whether it is the community or the secondary market
Noticed that WinterMute had already practiced as a $LDO market maker on Dex since 2nd Feb, 2022.
The multisign address received 10M $LDO on 2nd Feb, 2022.
Is this related to the DAO treasury management or just personal behaviors related to founders or investors?
1 Like
These are not Treasury addresses we have on record. Likely founders or investors.
1 Like