
Off-Chain 7/28/22: Lido Runway Concerns, Minecraft Bans NFTs, and a TON of Regulatory Updates
The Decrypting Crypto Podcast
00:00
The Doo Treasury and Lido Tokens
The doo treasury is made up of eth staked eath and lido tokens. Each month for them to cover the stable coin portion and a o their expenses, they sell ef to kind of cover that portion and then with the the lido tokens, they tey distribute those directly. And but due to the price fluctuations of eth, you know, as eth is dropping down in value, ther having to sell a much greater share of their eaf to cover these stable coin expenses,. which is eating into runway pretty significantly.
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