The Lido Finance platform community voted against a proposal to sell 10 million LDO tokens to venture capital firm Dragonfly Capital.

“DAO It aims to create a position in the DAI stablecoin priced at $1,452153 for 1% (10 million coins) of the LDO supply and a total of $14,521,530 DAI.

Voting lasted from 21 to 25 July. About 600 members of the DAO attended. 43 million LDOs (66.61%) voted against.

The proposed token sale was part of Lido’s plan to diversify its treasury. He predicted the sale of 20 million LDOs, half of which will go to Dragonfly Capital. did not provide for lock-period.

Lido’s current treasury assets are $223.3 million, including:

• 157.8 million LDOs worth $216 million;
• 20,940 ETH ($29.7 million);
• 5113 STETH ($7.11 million).

In June, the project community proposed limiting the protocol’s share in the Ethereum 2.0 stake pool.

Earlier, the Lido Finance team announced the launch of liquid staking in L2 solutions for Ethereum.

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