TMC-0: Stake all treasury ETH in Lido

Proposals
8

We fully support this strategy, mainly for the following reasons:

  • Out of the strategies proposed in the past, it’s the obvious first choice: good risk-adjusted yield, especially after having withdrawals enabled and enough liquidity in the market should we decide to skip the withdrawal queue (Curve: >300.000 ETH / Balancer: >30,000 ETH);
  • Having Lido DAO depositing the entire ETH treasury holdings in its own protocol is a testament to the confidence in the technology and Node Operator set; and
  • It requires a relatively simple EasyTrack deployment, which feels appropriate to test TMC’s processes.
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