According to the proposed snapshot, LidoFinance`s DAO is looking for the stablecoin DAI to establish a position, and the supply of 1% LDO is about 10 million LDO. The transfer will make the DAO receive the $10 million DAO at a price of $1.452153, a total of $14.5 million.
Voting opens on July 21, 2022 and ends yesterday, July 25. Proposal data shows that 666.61% of the community rejected the proposal. Additionally, 333% of the community declined. .31% of the community voted in favor of the proposal, but DAI is locked for 1 year, while 0.08% of the community voted in favor of the proposal, with no lock-up period.
According to data from the crypto market tracking site CoinMarketCap at the time of writing, the price of DAI is slightly below $1, at $0.9998. As the two market leaders have experienced price drops in the past 24 hours, DAI is also estimated to be up 3.53% and 6.73% against BTC (BTC) and Ether (ETH), respectively.
At the same time, the price of LDO fell by 10.99% in the last day to $1.41. During this period, the LDO exchange rate against BTC and ETH also fell by 7.61% and 4.80%, respectively.
