News/Lido Proposes to Sell 20 Million $LDO from DAO Vault for $DAI

Lido Proposes to Sell 20 Million $LDO from DAO Vault for $DAI

Jul 19,2022,11:15
Lido Finance launched a community proposal to sell 2% of the total $LDO supply (20 million $LDO) for $DAI from the DAO vault at $1.452153 per $LDO (7-day price average plus 50% premium). In addition, Lido DAO will sell 10 million $LDO to Dragonfly Capital, with the remaining 10 million $LDO to be approved by DAO for distribution to other strategic participants, with the sold tokens immediately unlocked and fully voting rights.
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