Lido DAO Votes On Contingent 7.5M LDO Market-Making Mandate
Lido DAO is considering a proposal to establish a contingent market-making mandate to support LDO liquidity on centralized exchanges. The plan authorizes up to 7.5 million LDO and 480,000 USDC, which would only be deployed if liquidity levels become insufficient. The assets would remain in the DAO treasury unless activated, and the mandate is intended to ensure two-sided liquidity rather than influence market price. This initiative serves as a preventative measure against potential delisting risks caused by declining trading volumes.
Summaries are written by AI from the original article. Not investment advice.