In line with Lido’s big liquidity diversification plan, a new wstETH liquidity pool will be launched over the next week: stETH<>DAI on 1inch.
Just like the pools launched earlier on Balancer and Sushi, this new LP’s main purposes are to boost stETH productivity across DeFi, remove blockers for future integrations and allow Lido to get a more sustainable and reliable price feed.
For the first month, we propose incentivizing LP with 200,000 LDO and expect 1inch to allocate 200,000 INCH for double LP rewards.
If approved by the community, funds allocation will be included in Thursday’s omnibus voting next week.