Lido Proposes $1.5M LDO, $480K USDC CEX Market-Making Plan
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ChainCatcher reports that a proposal from the Lido Governance Forum suggests authorizing a conditional LDO centralized exchange liquidity-making program to mitigate the risk of LDO trading pairs deteriorating or being delisted due to insufficient liquidity. The program could provide up to $1.5 million worth of reclaimable LDO inventory (capped at 7.5 million LDO) from the Lido DAO treasury, along with up to 480,000 USDC for fixed service fees an…
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Cryptocurrency News | Cryptocurrency Prices | Market CapLido Proposes $1.5M LDO, $480K USDC CEX Market-Making Plan
Lido's governance forum has put forward a proposal to allocate up to $1. 5 million in LDO tokens and $480,000 in USDC for centralized-exchange market making, with the stated objective of improving on-exchange liquidity conditions and reducing the risk of LDO being delisted from CEX venues.Read more...
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