Lido DAO

For more information, please see the relevant proposal on our forum: https://research.lido.fi/t/treasury-diversification-2-part-2/2657

This updated proposal is focusing on DragonFly buying 1% (half) of the total 2% offered originally.

The terms of the proposal that are up for a vote:

1. DragonFly will commit to a final LDO price that is the higher of the following:
   • Previously defined TWAP price + 50% premium (~$1.45 per LDO)
   • 7-day backward looking TWAP taken at the time of vote completion (on chain voting) + 5% premium
2. DragonFly will have the ability to withdrawal from the commitment if LDO price exceeds $2.25 during the vote timeline.
3. There will be a 1 year lock up until tokens are liquid.

If the proposal is supported, then Aragon vote will be started. If there is any confusion please specify in the forum post. If there are objections about this going to an on-chain vote, please specify why in the forum post.