- Due to a majority of supply already being liquid but held this is a 1 year vest in total. During conversations extending the lock required steeper discounts.
- We have discussed that quite a bit. The impossible to answer question is what will be more likely to move over the coming months and provide a better future hedge? We felt ETH would be better served to keep in case of emergencies and has a higher total liquidity making it easier to move quickly if the need arrises.
- 4 of the 20 proposed work streams are currently funded by the RCC (from the treasury). As described in the provisional budget only recently has Lido had to move to take on the cost of the additional work streams. This was due to early partners and node operators housing some of those costs and risks in exchange for an allocation of LDO. At the time of inception, Lido had much more risk and unknowns in December 2020.
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