Anthony Leuts - Delegate Thread

Delegate Platform
1

Name: Anthony L
Address: leuts.eth (0x42E6DD8D517abB3E4f6611Ca53a8D1243C183fB0)
Forum: @leuts
Twitter: Leuts

Introduction: I am the CEO of Aragon. Previously a contributor at Vocdoni. I am an LDO holder and Lido DVT Simple Home Staker. My expertise is in onchain governance technology. I am a University of Waterloo alumni.

Motivation: Lido is the most important project in web3, with the most at stake ;). As a long term partner, supporter, token holder, and user I am happy to put myself forward as a delegate to the Lido DAO to help support and secure the Ethereum network.

Values and Decision-Making Approach: The future of humanity will be decided at the frontier of technological innovation and human coordination. We will either see deeper levels of censorship and oppression, or new and greater amounts of freedom. Lido has the power, capability, and responsibility to change the world by securing Ethereum and supporting the latter and as a delegate at Lido my goal will be to ensure Lido stays true to its mission, vision, and to uphold its values.

Thus my approach is to ensure the Lido DAO: Keeps Ethereum decentralized, accessible to all, and resistant to censorship and do this by supporting making staking simple, secure, and decentralized.

I’ll do this by communicating openly and focusing on being pragmatic in my decision making.

Public Acceptance: I accept Lido DAO delegate Сode of Сonduct (link) and Aligned with Lido’s Vibe (Purpose, Mission, Vision)

Disclosures: I am the CEO of Aragon. I own LDO. I own an extremely small amount of shares in Diva now known as Nektar. I work in the onchain governance tooling space, our largest users include Lido, Curve, Polygon, and Taiko.

Waiver of Liability:
By delegating to me, Anthony Leuts, you acknowledge and agree to the following:

  1. I do not control or represent the DAO or the LIDO project and do not assume any responsibility or liability for the DAO’s or LIDO’s actions or decisions.
  2. I do not take over any responsibilities of the DAO or the LIDO project , and my participation is limited to the role of a delegate.
  3. I am not bound by any particular opinion when voting. Instead, I will vote in a manner that I believe is in the best interest of the LIDO project.
  4. By delegating your vote to me, you grant me the freedom to vote at my discretion with your delegation , which means you have no right to restrict me in forming my opinions or in how I cast my votes .
  5. I disclaim any liability for any loss, damages, or claims arising from your delegation of votes to me, including but not limited to, unfavorable decisions of the DAO, lack of development of the LIDO project, or other unfavorable or unforeseen circumstances. By delegating votes to me, you fully understand and accept the risks associated with interacting with decentralized smart contracts.
  6. All my activities and the relationship with you are exclusively subject to Swiss laws and Swiss courts.
10 Likes
2

Happy to see your proposal, ser, and doubly so given the continuous support of Lido DAO from Aragon team =)

6 Likes
3

Thank you! Looking forward to the continued success and bright future of Lido DAO and the Ethereum ecosystem.

4 Likes
4

Decision rationale on the last 3 votes:

1. Increase the Proposal Threshold for Snapshot

Vote: Abstain

Rationale:

I had no strong feeling on whether it should have been increased or not. I always lean toward not making change for the sake of making change. As the DAO Ops team did not report the spam being problematic, and already had an agreement with Snapshot to reduce these issues. I do not believe it was necessary. That being said, Lido’s requirement for putting up a vote is much lower and more open than most other DAOs in the industry. This has tradeoffs. I entrust the DAO Ops team to put up a proposal if they see this becoming a problem. I also voted before there was much feedback in the forum and the vote was live, thus I went with abstain.

2. Change Easy Track limits for PML & ATC

Vote: Support the Change

Rationale:

Based on the information provided here and here by Steakhouse it seems there is underspend meaning the changes are sensible.

3. Lido Community Staking Module Mainnet Release Setup

Vote: Approve CSM mainnet release

Rationale:

CSM continues to ship! As a user myself and with my team we are very pleased with the outcome of the program so far. Very happy to continue to see it flourish and grow.

It perfectly fits Lido’s mission in decentralizing Ethereum and overlaps with the GOOSE goals put forward by Hasu. I am a big advocate for CSM at this stage!

Disclosures:

  1. None
  2. None
  3. I am a CSM user

Thank you to @Lanski for providing a format for decision rationale! Much appreciated.

2 Likes
5

1. Vote #179

  1. Upgrade wstETH on Optimism bridge endpoints to enable rebasable stETH on Optimism alongside wstETH. Following Snapshot vote and proposed action plan. Solution audited by MixBytes and Ackee Blockchain. Items 1-5.
  2. Add Easy Track setup for funding the Lido Alliance Operational Multisig following the Lido DAO Snapshot decision. Item 6.

Vote: Yes

Rationale:

Both votes are non-contentious with near unilateral agreement across the DAO to vote yes. I see no reason to vote no. Audits are in order, standard procedure, and payload looks good.

2 Likes
6

1. Should the Lido DAO recognize the wstETH bridge endpoints on Zircuit as canonical?

Forum post here

Vote: Yes

Rationale:

Zircuit is a respected upcoming L2 with traction and high-TVL.
Lido contributors have reviewed the code and offered suggestions for improvement, thus stamping their approval.

2. Integrate CSM into the Decentralized Validator Vault

Forum post here

Vote: Yes

Rationale:

More ETH flow into CSM. More decentralized. Lindy is growing and thus safety.

3. Onboard Bolt to Lido Alliance

Forum post here

Vote: Yes

Rationale:

Preconfirmations were an integral part of the Alliance wishlist. This is a step forward in realizing this wishlist.

2 Likes
7

Aragon Onchain Votes: December 20, 2024

1. Change Easy Track limits for PML and ATC

Forum post here

Vote: Yes

Rationale: In order to support the goals set by the Continuity Grant Funding initiative and adjust token flows that haven’t changed since 2022, it makes sense to alter these onchain parameters.

2. Increase the Lido Stonks stETH limit to 12,000 stETH and reset spent amount

Forum post here

Vote: Yes

Rationale: Makes sense, the higher limits are in line with execution of TMC-1 and improve their operations.

3. Update the reward address

Forum post here

Vote: Yes

Rationale: As requested in the forum.

1 Like
8

Just an update on my delegate thread updates: as I have no delegation via Snapshot I will no longer provide updates on Snapshot signalling. I don’t want to create more unnecessary noise that has no impact on anyone.

I will continue to update my decisions and rationale here on Aragon onchain votes for now.

4 Likes
9

Gm!

An update:

As I have received more delegation both offchain via Snapshot and onchain via Aragon I will once again begin providing rationale for both types of votes here in the forum.

Looking forward to it and thank you to anyone who has entrusted their delegation in me.

4 Likes
10

March 18 vote updates and reasoning:

  1. Onchain Vote 184: Optimizing Lido On-chain Voting Timelines for Inclusive Governance

Vote: YES

I have reviewed the payload and all the onchain changes seem correct including the vote times. It’s important to note when reviewing that the TOTAL vote duration is 5 days (call data: 432000) and the objection period 2 days (172800). This is correct with the main phase being “full voteTime - objectionTime”.

In relation to the social parameters of extending the vote duration, it makes sense. It was sadly too short before for voters to react and reach quorum.

Offchain Signals:

  1. # Lido DAO Ops Multisigs Policy 2.0

Vote: YES

This is a good start in increasing the security and opsec of the Lido DAO multisigs, however, I have followed-up with further questions as I believe there is room for improvement.

  1. # SSV Lido Module Proposal

Votes: YES

This should increase decentralizatiom both via an increase in permissionless participation as well as more robustness of the total validator set.

Anytime we can reduce barriers to entry for independent stakers and smaller node operators is a net positive for the Ethereum ecosystem.

  1. # MEV-Boost Relay Allowed List management via Easy Track

As @polar said: “Streamlining and improving governance, what more could one ask for. FOR.”

  1. # Ensuring Compatibility with Ethereum’s Pectra Upgrade

Vote: YES

Essential for Lido and Ethereum that Lido safely and securly is compatible with Ethereum’s Pectra Upgrade. This is a massive undertaking and proposal to review. I don’t even think many people can reasonably do this. Everything seems to make sense, and it’s being performed in a safe and staged way.

  1. # [EGG] Lido Labs BORG Foundation Grant Funding Request (Apr-Dec 2025)

Vote: YES

  1. # [EGG] Lido Ecosystem BORG Foundation Grant Funding Request (Apr-Dec 2025)

Votes: YES

It’s essential the Lido BORGS are well funded to carry-on the mission of the Lido DAO. However, I would be remiss to note that these costs are exporbinant compared to any other project in web3. Lido is without question a leader, that generates revenue, and has high-costs due to the nature of it’s product and offering. Lido has to continue to not only be the leading liquid staking provider, BUT, it also has to take market share from centralized parties such as Coinbase that put Ethereum at risk. Finally it also needs to diversify and reach new markets for its own growth and sustainability.

All that being said, I think it would be extremely wise to determine how to reduce costs where possible.

4 Likes
11

I voted Against Re-endorsement of wstETH on Starknet.

Poor incident response and weak retrospective.

1 Like