Lido allocate two million of the LDO tokens that are given to Protocol Guild. Here, Protocol Guild is basically the new public goods for funding mechanism use to develop the Ethereum. The governance forum of Lido Finance has also pass a vote. This could support contributors of Ethereum protocol through the Protocol Guild for tuning almost $6 million.
However, Protocol Guild has a quite novel approach to funding concept of public goods which supports various developmental activities. Particularly in space of Layer 2. This is basically the funding tool which is design to provide autonomous recruitment. Reward mechanisms and retention for contributors to perfect Ethereum protocol.
Many recent public goods for the funding protocols in space center of Ethereum around grants. Gitcoin grants along with retroactive funding programs such as retroactive goods funding of Optimism.
Claiming of the Ethereum!
Here, Protocol Guild helps to criticize the recent approaches, claiming that they have critical limitations which hinder the suitability. Such kind of the inadequacies is when they are not actually looking forward, particularly in case of the retroactive funding, they claim. Other kind of the criticism is that they never benefit people and contributors as the design prioritizes the developments through teams and projects.
Such Protocol Guild says that it provides the mechanism of public goods funding which will be highly sustainable to maintain Ethereum protocol. However, part of the sustainability will consist of creating the monetary incentivizes to enhance the Ethereum codebase with support for individuals & teams.
Allocating of tokens by LIDO
Lido allocates almost two million of the LDO token to initiative. At recent price of LDO, the grant also comes for $6 million.
The foundation of Ethereum held above $1.6 billion in the treasury assets. Usually, $1.29 billion is held in ETH, the second-largest crypto currency through market capitalization. This also represented more than 0.297% of total ether. Some $11 million held in crypto currencies.
