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bitcoin
Bitcoin (BTC) $ 97,957.25
ethereum
Ethereum (ETH) $ 3,602.00
tether
Tether (USDT) $ 0.999926
bnb
BNB (BNB) $ 717.81
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.45
binance-usd
BUSD (BUSD) $ 0.998826
dogecoin
Dogecoin (DOGE) $ 0.38019
cardano
Cardano (ADA) $ 1.09
solana
Solana (SOL) $ 216.93
matic-network
Polygon (MATIC) $ 0.517034
polkadot
Polkadot (DOT) $ 7.69
tron
TRON (TRX) $ 0.268817

Promote or stake: Ethereum staking big Lido mulls decisions for its $30M ETH

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The decentralized autonomous group (DAO) behind Lido — the most important staking pool — is deliberating whether or not it ought to promote or stake the $30 million in Ether (ETH) from its treasury.

A proposal was submitted on Feb. 14 by the DAO’s monetary unit, Steakhouse Monetary that considers 4 decisions, considered one of which contemplates staking half or all of its ETH on Lido within the type of Lido Staked ETH (stETH).

The 4 proposals (pictured) submitted by Steakhouse Monetary to the LidoDAO asking the way it ought to handle its treasury. Supply: Lido
Property presently held in LidoDAO’s treasury. ETH presently accounts for about 9% of the DAO’s over $350 million treasury holdings. Supply: Lido.
The month-to-month influx of stETH on Lido has steadily elevated since January 2021. Supply: Dune Analytics.

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