Project presentation:
Protocol name: LIDO
Twitter: https://twitter.com/LidoFinance
Website : lido.fi
Summary:
We propose to add the wstETH/WETH balancer strategy to SDT gauge to boost the strategy’s APR with SDT.
Rationale:
Lido is the leading liquid staking solution - providing a simple and secure way to earn interest on your digital assets. By staking with Lido your assets remain liquid and can be used across a range of DeFi applications, earning extra yield.
The wstETH/WETH balancer strategy is the only strategy with a high TVL (currently over 8m$) without SDT incentives yet. Adding SDT incentives is the natural step to maximize sdBAL-gauged holders and DAO earnings over time.
We also already added SDT incentives on the stETH curve strategy.
Means:
Human resources: Minimal developer time needed
Treasury resources: No treasury resources needed
Technical Implementation:
Add the wstETH/WETH balancer strategy to SDT gauge
Proposal specifications:
Admin: veSDT holders
Community feedback: 2 days minimum
Voting Duration: 2 days
Voting Options:
- Yes, Add the wstETH/WETH balancer strategy to SDT gauge
- No, reject the SDT boosting
- Abstain
0 voters