07:20
Lido DAO plans to allocate $60 million to promote business diversification and transform into a diversified DeFi platform
Lido DAO recently released a major strategic proposal to invest approximately $60 million before 2026 to expand into new business areas beyond Ethereum liquid staking. The proposal is titled “2026 Ecosystem Grant Application (EGG): Implementing GOOSE-3,” marking Lido's official move from a single product protocol to a diversified DeFi platform.
As the largest liquid staking protocol in the decentralized finance space, Lido has long relied on Ethereum staking and stETH-related products for core revenue. The proposal points out that over-reliance on a single business model may pose challenges to the protocol's robustness and risk resistance in the long term. Therefore, Lido DAO aims to build a richer product portfolio and new revenue streams through systematic investment.