Utilizing Market Opportunities: stETH / LDO trade

  1. Treasury is $110m, not $150m. since its mostly in ETH, you might remember a different number.
  2. The foundations requested $60m for 2026, of which only $27m are for core operations, $17m is expected growth spending, and $16m if a major growth opportunity arises.
  3. Most? of the treasury is staked or in yield-generating stablecoins.
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