Lido DAO put forward four governance proposals related to the treasury, including whether ETH in the treasury should be sold

On February 15, the financial department of Lido DAO, Steakhouse Financial, submitted four governance proposals, namely, whether Lido DAO should pledge ETH in the treasury, whether Lido DAO should sell ETH in the treasury, whether Lido DAO should decentralize its stable currency holdings, and whether Lido DAO should sell the remaining stETH in the agreement to pay the operating expenses. Steakhouse Financial said that the five proposals related to the treasury were aimed at obtaining clear signals from LDO holders on the basic principles of how the DAO should manage its treasury.

Interpretation of this information:

The financial department of Lido DAO, Steakhouse Financial, has submitted four governance proposals to Lido DAO on February 15. The proposals are focused on whether Lido DAO should pledge or sell any ETH in its treasury, whether it should decentralize its stable currency holdings and whether it should sell the remaining stETH in the agreement to cover operating expenses. Steakhouse Financial stated that the proposals are intended to gauge the sentiment of LDO holders on how the DAO should manage its treasury.

The first proposal pertains to whether Lido DAO should use ETH in its treasury to back its stablecoin assets. This strategy, known as pledging, would serve to secure the stablecoin reserves, but may also limit the flexibility of the DAO in terms of investment decisions.

The second proposal addresses whether Lido DAO should sell some of the ETH in its Treasury or hold onto it for future investment opportunities. The proposal is seeking to determine the risk appetite of LDO holders and their confidence in the future performance of ETH.

The third proposal is focused on Lido DAO’s stablecoin holdings and seeks to establish a plan to decentralize the assets in order to reduce the risk of concentration and potential market manipulation. As such, this proposal is aimed at increasing transparency and stability within the Lido DAO.

The fourth proposal is centered on the sale of remaining stETH in the agreement to cover operating expenses. This proposal relates to the potential liquidation of stETH to cover expenses and maintain financial stability, while also preventing any potential insolvency risk.

To summarize, Steakhouse Financial has submitted four governance proposals to Lido DAO regarding the management of its treasury. The proposals seek to gauge LDO holder sentiment on whether Lido DAO should pledge or sell any ETH in its treasury, decentralize its stablecoin holdings, and sell remaining stETH to cover expenses.