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Lido Proposes Revenue Share, Voyager Approved to Begin Repayments

May 18, 2023
Market Update This morning’s jobless claims were softer than anticipated (242k vs. 254k exp.), potentially giving the Fed room to diverge from the expected “pause” at June’s FOMC meeting. The data release has not disheartened equity investors as the divergence between equities and crypto has continued. The $SPY (+0.53%) is approaching $4,200, and the $QQQ (+1.24%) surpassed August ’22 highs, while $BTC (-0.71%) and $ETH (-0.40%) are showing modest declines. Among the top 100 coins, Render ($RNDR) is the top performer in the last 24 hours, rising 21.1%. Render, which provides decentralized graphic rendering solutions, has integrated with the tech-giant Apple. Apple is expected to announce its virtual reality headset at their upcoming “special event” in early June, sparking interest in Render along with other metaverse tokens.The Lido community has put forward a governance proposal to enhance the utility of Lido's native governance token, $LDO. The proposal suggests the implementation of staking and a buyback program, hoping to increase its utility for holders. As part of the proposal, an insurance fund for the Lido DAO would be established, along with a revenue-sharing mechanism. This revenue-sharing feature would allocate a percentage (20-50%) of future Lido DA

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