KVORUM
lidoSource: Snapshot · #0x7b93fb4dad3453bd2964ffc6ac2d61b2e7d194eab881fdaba6fc705637184073

Refund 1,000,000 LDO spent for the new Curve pool incentives to the Lido dev team

succeededMay 24, 2022, 09:00 AM UTCsignaling · non-bindingby000x0005…90e3View on Snapshot ↗

01Summary

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02Description

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The following is an extension to the proposal posted on the Lido governance forum. Last week the Lido dev team set up a new Curve factory pool “stETH Concentrated”, featuring a high A coefficient (1000) to support the stETH/ETH exchange rate & give way for leveraged stETH positions to be safely deleveraged. To attract liquidity to the pool fast enough, the dev team has allocated 1,000,000 LDO out of pocket as LP rewards for the first week. The situation had to be relieved faster than the regular reWARDS processes allow. We propose to refund the dev team for those expenses.

03Mismatch analysis

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04Actions

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05Tally

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