Reevaluation of Lido on Polygon state

That’s actually a very good question.

Honestly, I will not even deep dive into it, and it’s obvious why it should be a no.

2.449,372 LDO from reWards (liquidity incentives) → 4.222,584 USD. Dashboards here include the price of LDO at the time of incentivising so we have correct figures.

94.790 USD in audits, verifiable here.

21.88 ETH for depositor bot gas, verifiable here. This one is higher as we’re a year + in future now :))

450k of LDO for milestones (market share) verifiable here.

It also has DAO contributors focus drain, especially on NOM and ProtocolRelations, DAO OPS, legal, etc. guilds.

Expenses are actually higher because this is only DAO side. Expect that in the 3 years fees for development and maintenance of the middleware are in millions on ShardLabs side for contributor compensation.

Middleware fee from launch to this date is 608.000 Matic(now POL). Matic should be at 10$ for positive 0, and that includes no further expenses accruing in any way.

4 Likes