[Lido] [FINAL] [STIP - Round 1]

[Matt_StableLab]

Hello @Seraphim thank you for submitting! Please make the following changes to your proposal to comply with the program rules.

1. Please note the following rule regarding the expected timeline of the incentives program. Unfortunately, your 12-month timeline does not meet these requirements. This program is intended to be short-term as there will be new longer term incentive programs in the future after the community learns from this experiment.

@tnorm

funds are expected to be distributed as they are received, and programs should aim to end before the end of the incentivization period on Jan. 31, 2024.

2. Please provide more detail regarding your execution strategy including a spending plan and the contracts you plan to incentivize as required by the following rules.

@tnorm

Grantees must disclose the contracts being incentivized and denote any external contracts being incentivized as part of the program.

@tnorm

Grantees must outline a spending plan, provide a pro forma

@Seraphim

Execution Strategy: The funds will be handled by the Liquidity Committee within Lido DAO. It will pursue the objective of maintaining and improving wstETH/WETH and wstETH/USD liquidity on suitable DEX venues and deposits on lending protocols. It may also include opportunistic verticals like SocialFi if it can add value.