Lido DAO

During the May’s Lido Treasury Diversification (Proposal: LDO Treasury Diversification & Proposal: LDO Treasury Diversification - Part 2), three angel investors weren’t able to make the purchase in one-month timeframe built into the purchase smart contract.

The angels are:

1. Ameen Soleimani from SpankChain (https://research.lido.fi/t/lido-treasury-diversification-part-3/1059/31).
2. Danny Ryan, Core Researcher in Ethereum Foundation (“Ethereum Researcher #1”, https://research.lido.fi/t/lido-treasury-diversification-part-3/1059/28).
3. Hart Lambur, UMA Co-Founder (“A founder of a fast-growing DeFi project”, https://research.lido.fi/t/lido-treasury-diversification-part-3/1059/33).

The proposal is to grant the angels the opportunity to participate in the round, fulfilling Lido’s part of agreement made with strategic investors.

The total amount of the purchase is 462962.9629629634 LDO, and the vesting terms are to be set the same 1-year lock + 1-year vesting, 1-month timeframe for making the purchase. The discussion could be found on Lido forum.

The proposed options are:

1. Allow the purchase of the 462962.9629629634 LDO by the same price as in the round (100.0000000000001 ETH for the 462962.9629629634 LDO).
2. Allow the purchase of the 462962.9629629634 LDO by the price of 30-day TWAP with 30% discount.
3. Allow the purchase of the 462962.9629629634 LDO, price & terms to be discussed (please, share your thoughts on forum upon voting for this one).
4. Don’t allow the purchase.