KVORUM
lidoSource: Snapshot · #QmdGihkHD61rimU5syA6VqesV3ZzAQPS6Vzn7H5NnjAXNE

Proposal: Lido for Solana (Chorus One)

succeededMay 10, 2021, 03:20 PM UTCsignaling · non-bindingby1F0x1f38…b7b3View on Snapshot ↗

01Summary

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02Description

103 words

Chorus One, a leading staking provider and Lido founding member with blockchain development experience, is proposing to build a liquid staking solution on Solana for Lido. If the Lido DAO approves this proposal, a tokenised representation of SOL staked with Lido-controlled validators (stSOL) will be developed and integrated into Solana DeFi and beyond.

Terms:

  • 20% of the fee portion going to the Lido DAO treasury will go to Chorus One.
  • 1m vesting LDO tokens on reaching 2.5% staked SOL market share. 1m vesting LDO tokens on reaching 25% staked SOL market share.

Full Proposal: https://research.lido.fi/t/lido-for-solana-proposal-by-chorus-one/527 Blog Post on the Design: https://medium.com/chorus-one/introducing-lido-for-solana-8aa02db8503

03Mismatch analysis

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04Actions

0 total

This proposal carries no on-chain actions.

05Tally

Summed from votes

Voters79
VP participating0
Outcome (current)For
Current support100%

06Voters

79 total
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07Forum

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