Lido DAO

Polygon

<ul class="news-points"> 
 <li><strong>Wu Blockchain announced today that Lido has released a proposal to terminate the Lido project on Polygon.</strong></li> 
 <li><strong>Several concerns with Polygon were listed, including its uncertain roadmap as well as its expensive compensation structure.</strong></li> 
 <li><strong>This proposal might not have pleased everyone as LDO’s price decreased by over 3% in the past 24 hours.</strong></li> 
</ul> 
<p>Earlier today, Wu Blockchain announced on X that the Lido community released a proposal to terminate the Lido project on Polygon. According to the post, the current state of Lido on Polygon reveals several concerning issues.</p> 
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   <p lang="en" dir="ltr">The Lido community released a proposal to terminate the Lido project on Polygon, citing reasons including recent technical issues; uncertainty Polygon roadmap; no other staking providers on Polygon; it is recommended to focus on a native ETH liquid staking provider.…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1714835239061872969?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 19, 2023</a>
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<p>Despite Lido’s Total Value Locked (TVL) of approximately $86 million on Polygon, the annual revenue for Lido DAO is just $116,863. Furthermore, Lido awarded significant amounts of LDO tokens to Shard Labs as compensation, raising questions about the expensive compensation structure.</p> 
<p>Addi…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/lido-community-proposes-to-terminate-its-project-on-polygon/">Lido Community Proposes To Terminate Its Project on Polygon</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Lido Community Proposes To Terminate Its Project on Polygon

Coin Edition

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