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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.
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Lido

Terra

DeFi

DAO

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