We would like to update you with the results of the Lido on Polygon onboarding LNOSG evaluations that took place Monday, March 27th.
Evaluation Results
During the evaluation discussion, the Lido Node Operator Subgovernance Group (LNOSG) decided to nominate five applicants for the proposed shortlist for onboarding onto Lido on Polygon.
Shortlisted applicants have been asked to confirm their desire to join the Lido on Polygon operator set. In case they do not reply affirmatively in a timely manner, or for some other reason cannot join this round, they will not be onboarded and will need to re-apply in a future round.
During the discussion, the LNOSG was cognizant of potential market volatility and the impact to existing Lido Node Operators from increasing the set size from its current six members. The proposed shortlist balances the goals of Lido’s diversification efforts on Polygon while working to limit rewards dilution for existing Node Operators.
This onboarding round was extremely competitive with over 43 total applications and 26 eligible applications. Due to the limitations of the Polygon validator set, Node Operators were deemed ineligible if they are not currently running an active mainnet validator.
As a result of the LNOSG discussion, the committee suggests that onboarding a cohort size of five is most appropriate at this time, an 83% increase in the number of Node Operators participating in the Lido on Polygon protocol.
During the meeting on March 27, 2023, the LNOSG decided to propose the following applicants for inclusion into our node operator set for the Polygon protocol:
Shortlist (in alphabetical order):
You can find the full PDF with summary statistics and the recordings of the introduction and conclusion to the LNOSG evaluation meeting in the public drive below. Due to the privileged/confidential nature of some of the information provided in some of the applications, the portion of the call where applications were discussed in detail was not recorded.
https://drive.google.com/drive/u/0/folders/1WpOQwX6BZ1rD3ppLfi4DIqj_tV9Mm_UA
Both shortlisted and non-shortlisted applicants have been emailed notifying them of the results. Where relevant, applicants who were not shortlisted also received comments regarding potential ways to improve their application in future rounds should they wish to reapply. If for some reason you applied but did not receive an email, please reach out to [email protected].
Governance voting
A snapshot will be proposed in the coming days and the link will be added here: The snapshot will be for the inclusion of the 5 (or fewer, in case applicants cannot continue) Polygon Operators. Should the DAO disagree with any of the proposed applicants, request additional information, or otherwise request additional input for the onboarding, the LNOSG will reconvene to propose a next course of action.
Next Steps
Following DAO approval (or during the vote optimistically so that we can execute faster), we will coordinate with the respective teams to onboard the new node operators onto Lido’s communication channels and prepare operators for inclusion onto mainnet. The estimated timeline for the new node operators to be fully on mainnet is mid April.