Lido on Solana seeks financial support through Lido DAO proposal


This article has been republished with permission from Binance News.

According to Foresight News, the Lido on Solana team has submitted a proposal to Lido DAO, seeking financial support for their project. The proposal includes two basic plans: Lido DAO providing financial support for the next 12 months, including development, marketing, and customer support budgets, totaling $1.5 million; or, if Lido DAO is unable to provide financial support, initiating a sunset process similar to those on Polkadot and Kusama. In this scenario, new staking deposits would no longer be accepted after September 10th, node operators would exit the pool by October 10th, and frontend support would cease by February 10th, 2024.

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