On Chain Hedge Fund at recommendation of @Cobie

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Hi @cobie

can we have a vote that if eth breaks 2,000 eth-ish, we can sell a lot of Lido’s treasury eth to fund some run way? serious

also, what do u guys think about placing the treasury placing a $10 mm market buy order for LDO then bringing in one of the scum bag market makers to pump it from there ? and then selling 1 mm lido tokens at $20 per LDO ? kind of joking but not really

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its steth in the treasury, and they dont want to put downwards pressure on steth/eth bc people stop staking eth and the protocol doesnt grow.

im down for selling a large amt of steth post merge when the ratio should be at 1, and doing this in place of the dragonfly deal.

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the original proposal by the ldo team was to sell 10 k eth to dai …

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It has not been clearly detailed before, but the stETH is spoken for. Lido voted to self insure against slashing risk last year. https://snapshot.org/#/lido-snapshot.eth/proposal/QmWeMuwkLJ3strPAM58kzLaKzbEPrWTLb1VC93ergrYrbv

stETH is generally only available for financing Lido on a going forward basis, which was recently approved.

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This is the treasury, right? i only see steth

https://etherscan.io/address/0x3e40D73EB977Dc6a537aF587D48316feE66E9C8c

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Yes, don’t look at ERC tokens, there is 20,940 ETH in the wallet.

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ah totally forgot to look up in the ether value area when browsing, i went straight for the dropdown, my bad.

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