LidoDAO Treasury Choices
We’ve launched three other treasury-related proposals aiming to obtain a clear signal from LDO token holders regarding basic principles for how the DAO should manage its treasury.
% could be possible. @kadmil to confirm but we could structure the poll as % allocated between various options, including the above, and we pick the top 2 or 3 outcomes and distribute the % accordingly.
i.e. if voters are asked to allocate 100% between five options with the top 3 winning as follows
A. [45%] Stake as soon as possible
B. [30%] Stake after withdrawals
C. [12.5%] Curve pool
D. [10%] Do not stake
E. [2.5%] Buy NFTs
Cutting off the top 3 would mean:
45/87.5 = 51% gets staked immediately
30/87.5 = 34% gets staked after withdrawals
12.5/87.5 = 15% gets allocated to the Curve pool
On Curve pool this is certainly possible but would just point out would be a drop in the bucket for liquidity
Yes, the curve pool as of now wouldn’t see a big change. My idea is after withdrawals are live, the protocol could start with the curve pool (other protocols can be approved), and in the long term could provide enough liquidity for big institutions/holders that want to skip the withdrawal queue. The DAO would earn an income from it, we could reduce LDO incentives and help pools/oracles.
Idea is to allow a broad list of options and narrow it down to the 2-3 largest items to make sure the majority opinions are clearly captured in the final execution. i.e. if ‘Buy NFTs’ gets 2% its not nothing but it’s clearly less relevant to token holders than 30% stake 40% LP 20% something else. The ultimate proportion allocated (for whatever ETH is in the treasury) would be something that reasonably maps onto this set of preferences.