Lido DAO Votes On Contingent 7.5M LDO Market-Making Mandate

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Lido governance is considering a contingent centralized-exchange liquidity mandate. The authorization is capped at 7.5 million LDO and $480,000 USDC. Funds would only be deployed if LDO liquidity deteriorates enough to justify intervention. Lido DAO is considering giving itself a liquidity backstop for LDO trading on centralized exchanges. The proposal would authorize a contingent market-making mandate, allowing up to $1.5 million worth of LDO — capped at 7.5 million LDO — to be made available as recallable market-making inventory. It also provides for up to 480,000 USDC to cover retainers and related costs. The important word here is contingent. Nothing Has To Be Spent This is not a proposal to dump millions of LDO into exchange order books tomorrow. The mandate would sit dormant unless Lido’s Growth Committee determines that liquidity on important centralized venues has become insufficient, or is likely to become insufficient. Until that happens, the assets remain in the DAO treasury. If the mandate is activated, LDO would be supplied as recallable inventory rather than perma...