[ARCHIVED] Mantle x Lido strategic collaboration

[General Archive] Mantle
2

Thanks for the detailed proposal, @Seraphim. This is a great solution for Mantle. In short;

  1. Mantle gets the leading LST token on its network. LSTs have primarily been one of the largest drivers of network activity/growth so it is important for Mantle to get this right and ensure that there is sufficient liquidity and app integrations with an LST (which stETH has accomplished and would help bring over).

  2. Partnership between two of the largest DAOs (BitDAO and Lido DAO) and the establishment of a rev-share agreement on the 5% revenue attributed to the Lido DAO Treasury. If Mantle builds its own LST it will take significant costs and fragment liquidity on the network - this solution enables profit from the get-go and an active working relationship that solidifies liquidity on DEX’s and Tier-1 app deployments.

Looking forward to seeing this proposal progress and ironing out the rev-share agreement and liquidity plans.

Full support.

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