Lido on Solana's Financial Crisis | Lido on Solana Seeks Financial Lifeline or Faces Shutdown |

In this video, we delve into the dire financial predicament of "Lido on Solana" as they urgently seek support from the Lido DAO to avert a looming shutdown. With a staggering $480,000 net loss, development costs soaring to $700,000 in the past year, and revenue at a mere $220,000, the situation is critical.

Discover the two options they're presenting to the Lido DAO: a plea for financial assistance totaling $1.5 million over the next year, encompassing development, marketing, and customer service. Failure to secure this support will trigger a shutdown process, reminiscent of events on other blockchain networks. Starting from September 10th, no new staking deposits will be accepted, node operators will exit the pool on October 10th, and front-end support will cease by February 10, 2024. Stay tuned for crucial updates on the fate of "Lido on Solana"!

Lido on Solana's Financial Crisis | Lido on Solana Seeks Financial Lifeline or Faces Shutdown |
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