Lido Finance | ICOholder

Di Lido Finance

The DAO is the logical compromise between full centralization and decentralisation, which allows the deployment of competitive products without full centralization and custody on the exchanges. We do not believe that it is possible to make a liquid staking protocol that is completely trustless in the foreseeable future. A DAO is an optimal structure for launching Lido as:

DAO is essentially a decentralised entity, which is enabling a focus on community and might offer a more socially-conscious structure and consequent decision-making;
DAO will be able to cover the costs of developing and upgrading the protocol from the DAO token treasury.
And other management activities as well if there is a technical ability

The DAO will accumulate service fees from Lido, which is funnelled into the insurance and development funds, distributed by the DAO.