In recent metagov calls, the topic of diversifying the Endowment’s LST holdings has been a recurring point of discussion.
Examining solely the LST holdings, the current allocation stands at 70% in Lido and 30% in Rocket Pool. This distribution includes both plain holdings and liquidity provisions.
karpatkey has clarified that the existing 70% Lido/30% Rocket Pool split is a transitional step towards more balanced diversification. The forthcoming objective is to have a distribution of 50% Lido, 30% Rocket Pool, and 20% “Others”. We remain flexible in modifying the proposed allocation to align with community preferences, ensuring that market dynamics and risk/reward constraints are thoroughly addressed and taken into account. In fact, we are actively working on a new proposal to seek approval for additional ETH staking strategies to populate the “Others” category.
As managers of the Endowment, maintaining an open channel for communication with the ENS community is paramount to us. We steadfastly follow its mandate. We urge delegates to adhere to the original funding plan by voting yes to this proposal and to actively participate in the discussions, ensuring voices and concerns are consistently heard and addressed.