Lido Community Vote On A Treasury Management Committee Has 99.12% Support
The Lido community has begun voting on the proposal to establish a treasury management committee. This proposal seeks approval for a few key Treasury Management Principles (Principles), as well as the formation of a Treasury Management Committee (Committee) to develop Treasury Management Strategies (Strategies) constrained by the Principles, and Treasury Management Actions (Actions) to carry them out using On-chain tools.
According to the Snapshot voting website, the Lido community began voting on the proposal to adopt the DAO fund management principles and permit the formation of a treasury fund management committee early this morning. The current rate of support is 99.12%. The voting period will end on April 28. Proposed treasury management concepts include ETH as the primary unit of account for the platform, Lido DAO money as a source of protocol resilience and future expansion, and the ability to fund initiatives to enhance the protocol’s decentralization and cybersecurity goals. The chance of treasury monies being lost is reduced.
Source
https://t.me/DeFi_Ethereum
