News/Lido Proposes to Stop Maintaining Lido on Terra Classic

Lido Proposes to Stop Maintaining Lido on Terra Classic

Jun 09,2022,20:49
Lido proposes to stop maintaining Lido on Terra Classic. The disabling of delegations and the market module has rendered Lido on Terra largely inoperative, so Lido plans to submit the proposal to a DAO 's vote on June 14, with two options to Shut down Lido on Terra Classic and stETH <> Anchor integration using the proposed procedure, don't turn shut down/re-evaluate the procedure. If the DAO votes in favor of sunsetting Lido on Terra, we propose to maintain Lido on Terra Classic and the stETH <> Anchor integration for a month after the vote ends. Once this period is over, the UIs and all related infrastructure will be immediately shut down, and the protocol keys burnt.
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