INK-70

Proposal ID
INK-70
Grant Type
custom proposal
Project Lead
noohp / @noohp_
Estimated Launch
October 13, 2023
Created
Oct 13, 2023 8:30 PM
Status
In Review
URL
ℹ️
This proposal is expected to be processed in the second term of the .

Description

Stake eth with lido Team Space: On approval Days until launch: -1 Requested Budget (USD): 4000000

Team:

noohp : makes the proposal for the inkubator to stake eth with lido council : stakes the eth

Questionnaire

What unique benefit(s) or experience(s) does this project provide for the holders of the originals Doodles collection? Yield provided by steth can buy things holders want/fund other proposals

How might this project affect the overall value of the original Doodles collection: It allows inkubator to fund more things, so up

How does this initiative relate to Doodles' brand identity and values? A core value of doodles is accruing yield on your cryptotokens, and this proposal does that

What aspects of this project could appeal to the Doodles community? That the bank will accrue yield

If any, what are the projected financial outcomes of this project for Inkubator? yearly yield = current apy of steth * amount staked

Can you describe the team's skills, past performance and credentials? N/A

Who are the target audiences for this project? The team, who have to do the staking; the holders that benefit

Why is now the right time to fund this project? What does the spending plan look like? The best time to stake was 6 months ago: the second best time is now

Could you outline the plan for building awareness for this project once it is launched? N/A

What is the projected timeline for the completion of this project? As soon as they want to stake

Project Lead Additional Remarks

Use kraken if you don't trust lido, just you get lower rewards but some rewards better than no rewards