Lido Community Initiates 300,000 DAI to LEGO for Impact Staking via Ecological Grants Program

The Lido community launched a vote on providing grants to Launchnodes through the Lido Ecosystem Grants Organization (LEGO) for the Lido Impact Staking initiative, proposing to provide 300,000 DAI grants to Launchnodes for research and implementation of responsible staking plans plan. The deadline for voting on this proposal is 02:00 on June 30. The Lido Impact Staking smart contract is designed to enable ETH stakers to pledge rewards to ongoing projects. Beneficiaries include UNICEF, GiveDirect, Treedom and more. Impact staking via Lido is expected to appeal to individuals, foundations and family offices. Before the project proceeds, Launchnodes will work with international tax experts to ensure it is operating in a tax-efficient manner, and will also confirm that partner organizations are KYC/KYB and AML compliant.