Lido Finance, the largest liquidity staking pool platform, បាននិយាយថា: on Wednesday it will not launch the Lido staking pool on Terra 2.0. The proposal to support Terra’s reboot received 94.57% votes in against from the Lido DAO community. In fact, Lido Finance had Terra as the second-largest platform after Ethereum for liquidity staking, with about $10 billion in total value locked (TVL) before the crash.
Lido Finance Will Not Support Terra Relaunch
On May 22, Lido DAO introduced a សំណើរ for voting on whether Lido should launch on the new Terra blockchain. However, the voting has now ended, with the community opposing the re-launch of the Lido staking pool on Terra 2.0 due to perceived risks.
The option “No relaunch” received 94.57% votes, with 54 million LDO tokens, while “Relaunch” received just 5.43% votes, with 3.1 million LDO tokens. After the Lido community voting, the governance process confirmed rejecting support for Terra.
Despite the $19,250 monthly revenue under the Terra new proposal, the community has majorly voted against supporting Terra 2.0. In case the Lido DAO rejects the proposal, bLUNA and stLUNA holders can still claim LUNA, the proposal specifically noted.
“The allocation of Terra’s new token to bLuna and stLuna holders is not contingent on the DAO’s decision. In other words, if the DAO decides not to support the reboot, bLuna and stLuna users at the time of the snapshots will still be able to claim their shares of the allocations.”
Moreover, Lido Finance will soon share information regarding Lido on Terra Classic in the near future for the benefit of bLuna and stLuna holders. Meanwhile, the Terra 2.0 សំណើ ៤៣៤៥ for the new blockchain has officially been passed. The proposal received 65.5% votes in favor, 20.98% abstaining, and 0.33% opposing it.
Terra Losses Trust of the Crypto Community
Terraform Labs’ founder Do Kwon received backing from validators and Terra Builders Alliance, but community support remains unclear at this point. In fact, ការផ្លាស់ប្តូរកូរ៉េខាងត្បូង including Upbit, Coinone, Cobit, Bithumb, and Gopax seem to reject the listing of the new LUNA token due to ongoing investigations.
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/just-in-defi-giant-lido-votes-against-supporting-terra-2-0/