The news that VanEck has withdrawn its application for a Lido Staked ETH ETF ( Cointelegraph on X: "🚨 TODAY: VanEck has filed to withdraw its Lido Staked Ethereum ETF registration with the SEC, saying it no longer plans to move forward with the fund." / X ) goes to show that even institutional players are backing down when faced with complex mathematics and fees. The market is in turmoil, major players are recalibrating their plans, and for our project, this creates a perfect window of opportunity—one that will close very quickly.
As long as key initiatives remain pending on the forum, we are losing momentum. We need to take action right now:
• My proposal for a financial audit Mandating a 2-Year Financial Audit : Demand for Product R&D and Payroll Transparency : It is critical that we fast-track the approval of an audit. Without a clear understanding of our reserves and vulnerabilities in the current climate, we won’t be able to maneuver with the necessary agility.
• The proposal regarding buybacks NEST: tying the buyback threshold to the approved budget : We need to either approve the buyback mechanism or refine it immediately. We require an aggressive and effective tokenomics strategy right now to protect the project and attract liquidity while the industry giants are stalling.
If we continue to drag our feet on voting and discussions, we’ll simply be wiped out by the next market wave. It’s time to wake up.