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Lido Finance Proposes Selling 20M LDO Tokens for DAI – crypto.news

Lido Finance Proposes to Sell LDO for DAIOn Monday, Jacob Blish, Lido Finance’s head of business development, presented the proposal.
As per the proposal, the DAO should sell 20 million LDO tokens to private investors, representing 2% of the entire LDO token supply.
According to Blish, this will provide the Lido DAO with roughly two years of operational runway.
This contains 157 million Lido DAO (LDO) tokens ($241 million), 20,940 ETH ($32 million), and 4930 staked ETH ($7 million).
Holders of Lido DAO (LDO) tokens govern the project.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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