This proposal deploys a significant portion of the DAO’s idle ETH into productive staking while maintaining meaningful liquidity for future proposals. Specifically, the DAO currently holds approximately 597 ETH in its treasury. Under this proposal, 500 ETH will be staked via Lido to receive stETH. After receiving stETH, the position will be wrapped into wstETH, a non rebasing version of stETH that eliminates unnecessary taxable events triggered by daily staking rewards. Following this transaction, the DAO will retain approximately 97 ETH in native form to preserve flexibility for future proposals.
There is an additional ~1.94 stETH in the treasury which is not wrapped, but will also be wrapped via this proposal.
In addition to the staking actions, the proposal includes a transfer of 200,000 USDC from the Nouns DAO Treasury to the Nouns DAO Payer to clear outstanding debt and provide a buffer for future proposals requesting USDC.