Ethereum staking giant Lido mulls choices for its $30M ETH By Cointelegraph


© Reuters

The decentralized autonomous organization (DAO) behind Lido — the largest staking pool — is deliberating whether it should sell or stake the $30 million in Ether (ETH) from its treasury.

A proposal was submitted on Feb. 14 by the DAO’s financial unit, Steakhouse Financial that considers four choices, one of which contemplates staking part or all of its ETH on Lido in the form of Lido Staked ETH (stETH).

The four proposals (pictured) submitted by Steakhouse Financial to the LidoDAO asking how it should manage its treasury. Source: Lido
Assets currently held in LidoDAO’s treasury. ETH currently accounts for about 9% of the DAO’s over $350 million treasury holdings. Source: Lido.
The monthly inflow of stETH on Lido has steadily increased since January 2021. Source: Dune Analytics.