Lido Finance proposal wants Lido DAO to sell 2% of all LDO tokens
Lido Finance has started discussions on a governance proposal to sell 20 million Lido DAO (LDO) tokens and diversify its treasury into stablecoins to pay for its operational needs.
Jacob Blish, head of business development at Lido Finance, submitted the proposal. Per the proposal, the DAO should sell 20 million LDO tokens, or 2% of the total LDO token supply, to private investors. This, according to Blish, will secure about two years of operating runway for the Lido DAO.