According to DefiLlama data and onchain records, the Lido DAO treasury saw revenue surge to $605,320 on the UTC day of October 30, a figure roughly 6.4 times higher than the median from the prior seven days. Ethereum execution-layer rewards drove the increase in staking-fee income, but the next daily treasury distribution was much smaller.
Key takeaways
Lido’s treasury received 269.69 stETH on October 30.
Execution-layer rewards supplied the windfall, including priority fees and MEV.
The increase did not provide direct payments to LDO holders.
Lido DAO treasury revenue breaks above its daily range
The October 30 revenue figure was 540.1% above the $94,564 median for October 23–29. Over the preceding 30 days, daily revenue had ranged between $90,264 and $116,967.
Lido’s daily accounting transaction minted 444.08 stETH in staking fees, allocating 269.69 stETH to the DAO treasury. The October 31 report allocated only 57.59 stETH to the treasury, so the larger distribution did not repeat at the same scale.
That comparison concerns successive daily accounting reports, not a completed dollar-revenue figure for October 31. When the data was retrieved, DefiLlama’s daily revenue series extended only through October 30.
Ethereum execution-layer rewards drove the increase
The October 30 accounting transaction moved 3,794.86 ETH out of Lido’s execution-layer rewards vault and into its staking pool. That inflow boosted staking-fee income and produced the treasury windfall.
Execution-layer rewards include priority fees and MEV: payments tied to the inclusion and ordering of transactions within Ethereum blocks. The treasury received its allocation through the staking-reward fee mechanism, not through a separate, unrelated transfer.
A subsequent accounting entry, logged on October 31 at 8:23 a.m. ET, recorded 302.36 ETH from execution-layer rewards in addition to the smaller treasury payout.
Treasury income is separate from LDO holder payments
The increase in Lido DAO treasury revenue added assets to the DAO, rather than paying LDO holders directly. DefiLlama separately recorded zero holder revenue in its latest 24-hour reporting window.
DefiLlama counts treasury revenue as the DAO’s share of Lido’s 10% staking-reward fee , leaving out the node operators’ portion. The reported revenue is not net income.
The provider’s calculation recognizes rewards when Lido’s daily oracle report accounts for them, then determines the treasury’s fee allocation. Its separate “fees” metric covers gross rewards earned by the staking pool, rather than only the amount the DAO retains.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
