{"id":254601,"date":"2024-02-27T00:34:23","date_gmt":"2024-02-26T19:04:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=254601"},"modified":"2024-02-27T00:34:23","modified_gmt":"2024-02-26T19:04:23","slug":"ldo-spikes-10-on-fake-revenue-sharing-proposal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ldo-spikes-10-on-fake-revenue-sharing-proposal-crypto-news\/","title":{"rendered":"LDO Spikes 10% On Fake Revenue Sharing Proposal &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>The since-deleted proposal in Lido\u2019s governance forum floated the idea of revenue being distributed to LDO stakers.<\/p>\n<div>\n<p>A new member of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/tag\/lido\"> <!-- -->Lido Finance\u2019s<\/a> governance forum, calling themselves Lidosaviour, managed to kick off a 10% rally in LDO after proposing that the leading liquid staking protocol start sharing revenue with token holders.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/lido-dao\" class=\"no-underline\"><\/p>\n<figure><figcaption class=\"text-center text-xs\">LDO Price<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/research.lido.fi\/t\/activate-lido-protocol-governance-with-revenue-share\/6735\"> <!-- -->post<\/a> has since been deleted, prompting some to surmise that Lidosaviour likely held a long position in LDO and hoped to profit from positive price action. Since the Uniswap Foundation <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/uni-soars-60-on-fee-switch-proposal\"> <!-- -->floated the idea<\/a> of sharing trading fees with UNI stakers on Friday, revenue sharing has become a hot topic.<\/p>\n<p>\u201cA short story of a new highly profitable strategy,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/0xG00gly\/status\/1762160801538887684?s=20\"> <!-- -->posted<\/a> Googly.<\/p>\n<p><!--$!--><!--\/$--><\/p>\n<p>Despite their potentially nefarious intentions, however, Lidosaviour clearly put some thought into the now-deleted proposal, which called for introducing an LDO staking module and buyback program that would align incentives for all Lido ecosystem participants through increased token utility for LDO.<\/p>\n<p>The proposal also aimed to set a minimum size for the LidoDAO insurance fund at roughly 6,000 ETH and new staking terms, including a 14-day cooldown period for unstakers, and changes in case of slashing events.<\/p>\n<p>While controversy surrounds <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/lido-enables-staked-eth-withdrawals-with-v2-rollout\"> <!-- -->Lido<\/a> for its purported centralization \u2013 and inherent risk for the overall Ethereum ecosystem \u2013 it still commands a whopping 30.5% of all staked ETH, according to DefiLlama.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The since-deleted proposal in Lido\u2019s governance forum floated the idea of revenue being distributed to LDO stakers. A new member of Lido Finance\u2019s governance forum, calling themselves Lidosaviour, managed to kick off a 10% rally in LDO after proposing that the leading liquid staking protocol start sharing revenue with token holders. LDO Price The post [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":254602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-254601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=254601"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254601\/revisions"}],"predecessor-version":[{"id":254604,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254601\/revisions\/254604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/254602"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=254601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=254601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=254601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}