The Lido DAO financial working group Steakhouse submitted a public opinion governance proposal TMC-0, recommending that all treasury ETH be pledged in Lido. The proposal states that the annual return on 20,000 ETH is 4% to 6%, which is close to $2 million per year. The on-chain operation is to deposit 20,304 ETH in Lido and convert it to stETH, and deploy an EasyTrack contract to perform future ETH deposits.
The proposal notes that if stETH <span ETH, stETH should be purchased on the market instead of staking ETH directly, which may require more operational overhead.
#ETH
The proposal notes that if stETH <span ETH, stETH should be purchased on the market instead of staking ETH directly, which may require more operational overhead.
#ETH