avatar

Lido Finance Community Discusses Whether Supporting Terra Reboot or Not

Liquid staking protocol Lido Finance's community has raised a proposal discussing whether to launch the Lido protocol on the new Terra network or not. The proposal discusses the risk of supporting/not supporting the Terra reboot and models of compensating Lido DAO. It also proposes four scenarios: 1. Do not support the reboot; 2. Support the reboot, do not accept tokens from the builder’s allocations; 3. Support the reboot, keep X tokens as compensation for redeploying the contracts and donate the rest to impacted UST savers; 4. Support the reboot, keep all tokens.
Source

Lido

Terra

DeFi

DAO

In This Article

Related News
Lido 'secure' after oracle compromise sparks emergency DAO vote Lido 'secure' after oracle compromise sparks emergency DAO vote
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal
ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network
GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
Latest News More More
14 Hours Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
3 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
6 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open