Lido's Proposal to Sell Dragonfly Capital 10M $LDO Gets Updated with One Year Lockup Period Added

Lido's treasury diversification proposal, which proposed to sell 10m $LDO to Dragonfly Capital, has been updated. Under the new proposal, Dragonfly Capital will commit to a final $LDO price that is the higher of the following: previously defined TWAP price plus 50% premium (around $1.45 per $LDO), or 7-day backward looking TWAP taken at the time of vote completion plus 5% premium. If $LDO price exceeds $2.25 during the vote timeline, Dragonfly Capital will have the ability to withdraw from the commitment. In addition, a 1 year lock up vesting period will be added to the tokens Dragonfly Capital buys. The vote for this proposal will start today at around 10pm UTC.