The Lido community is voting on whether to stake all ETH on its own protocol

ChainCatcher news, the Lido community is voting on whether to stake all of its Ethereum to its own protocol to create productive assets that can offset operational costs. Based on the current yield rates, by staking its current 20,000 Ethereum, Lido could earn an additional $2 million per year.

Members of the finance management committee have all voted in favor of the proposal, believing it is a good choice to generate revenue without incurring unnecessary risks. However, some are concerned about the smart contract risks associated with the Lido protocol, as well as the potential impact of ETH price fluctuations on operational expenses. (CoinTime)