# On Chain Hedge Fund at recommendation of @Cobie

**URL:** <https://research.lido.fi/t/on-chain-hedge-fund-at-recommendation-of-cobie/2610>\
**Category:** General\
**Created:** [July 21, 2022, 9:22pm UTC](https://research.lido.fi/t/on-chain-hedge-fund-at-recommendation-of-cobie/2610 "2022-07-21T21:22:12Z")\
**Posts on this page:** 1\
**Showing post:** 4

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**Author:** ![McNut](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/mcnut/32/4090_2.png) [@McNut](https://research.lido.fi/u/McNut)\
**Post date:** [July 22, 2022, 1:23pm UTC](https://research.lido.fi/t/on-chain-hedge-fund-at-recommendation-of-cobie/2610/4 "2022-07-22T13:23:59Z")

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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](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.

> [@Redirecting incoming revenue stream from insurance fund to DAO treasury](https://research.lido.fi/t/redirecting-incoming-revenue-stream-from-insurance-fund-to-dao-treasury/2528):
>
> Posting on behalf of Lido DAO founders: Background "The Ethereum Beacon Chain was launched on 1 December 2020 and signalled a major milestone in the move from Proof of Work (PoW) to Proof of Stake (PoS). Lido was launched just a few weeks later, found market-fit rapidly and grew to become the leading liquid staking provider on Ethereum. Lido works by connecting stakers (of any amount of ETH) with a network of independent professional Node Operators that run validators on their behalf. This des…

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