# Batux Delegate Thread
**URL:** https://research.lido.fi/t/batux-delegate-thread/11201
**Category:** Delegate Platform
**Created:** [February 10, 2026, 9:17am UTC](https://research.lido.fi/t/batux-delegate-thread/11201 "2026-02-10T09:17:14Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [February 10, 2026, 9:17am UTC](https://research.lido.fi/t/batux-delegate-thread/11201/1 "2026-02-10T09:17:15Z")
## Delegate information:
**Introduction**
Name: batuX
Background: seed round investor in LidoDAO (December 2020). Still holding onto my position. Been supporting the DAO on the sidelines over the last 5 years, my intention is to get more involved with the DAO and represent LDO holder interests.
I have been at Binance from 2018 to 2021 where I was part of the ventures and Launchpad team, BNB chain, and later on led buizdev at CMC.
I led the seed round into Celestia in 2019 / 2020 and today, am sitting on the Board of Directors of the Celestia Foundation.
I have an Echo group where I sometimes syndicate deals called the Tea Club.
Expertise: industry context and network. context around LidoDAO and its evolution since its inception. multi-year active participant in DeFi on Ethereum.
**Address** : 0x45bc852B0Ddb1FCc9d6C1daB4038F0b2dFDafD99
**Contact Information** (Twitter): @crypto\_han
**Motivation** : representing LDO token holder rights. holding the DAO accountable to the use of funds and its growth initiatives.
**Values and Decision-Making Approach** : I believe in a central organizational structure, with non-apologetic execution, prioritization of business (ie token holder interests), whilst maintaining a fine balance in the relationship to critical stakeholders—during a company’s growth phase, with careful, controlled, progressive decentralization later on. I don’t believe in unquestioned platform / stakeholder risks, but am of the perspective that the DAO should see itself as a business with corporate interests rather than being a public goods foundation. I believe in central founder-led execution to run the organization as effective as possible when failure risks are still astronomically high, and see myself as someone who contributes perspective, sparks conversations, but entrusts final decision-making to a strong leadership. I represent LDO token holder interests.
**Public Acceptance** : I accept Lido DAO delegate Сode of Сonduct ([link](https://ipfs.io/ipfs/QmPwqjn5NiNVFKjxxBnYHivgempeyNNpMNotGYMCXitRd3)) and Aligned with [Lido’s Vibe (Purpose, Mission, Vision)](https://snapshot.org/#/lido-snapshot.eth/proposal/0x739fbe56425d355b5e41c22bb346b7a8217afd9e84aa49863648b1c641a482e3)
**Disclosures** : I do not plan to apply as a delegate to other DAOs as of now, if things change, the DAO will be notified. I am a LDO holder and will be self-delegating my initial tokens.
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [April 7, 2026, 11:45am UTC](https://research.lido.fi/t/batux-delegate-thread/11201/2 "2026-04-07T11:45:52Z")
1. **[Authorize LDO Accumulation Program for up to 10,000 stETH](https://authorize%20ldo%20accumulation%20program%20for%20up%20to%2010,000%20steth)**
- **Voted:** Reasoning in the respective forum thread [here](https://research.lido.fi/t/utilizing-market-opportunities-steth-ldo-trade/11358/12).
2. **[Lido DAO Ops Multisigs Policy 3.0](https://Lido%20DAO%20Ops%20Multisigs%20Policy%203.0)**
- **Voted:** For. Relying on the assessment of the DAO ops teams to better streamline operational processes.
3. **[Introduce an Identified DVT Cluster type in the Community Staking Module](https://snapshot.box/#/s:lido-snapshot.eth/proposal/0x1d416954538fb9b82aae05daca1be29f7b20d5f9fac61bd2eb9da1f5901a3867)**
- **Voted:** For. To enhance Lido’s decentralization mission by adding a novel application of the Community Staking Module.
4. **[Redirect DVT & APM Incentives to Current Meta Treasury and LoL](https://snapshot.box/#/s:lido-snapshot.eth/proposal/0x60cfe3531cd13ab84f5f6aaef7bcaab1747cbea4544dc7d18daaf642e36c9d39)**
- **Voted:** For. In support of the Lido Earn initiative to diversify the product suite and tap into new categories—something that has been neglected since Lido hit growth stagnation from its core product, that is liquid staking, years ago.
5. **[From LNOSG to CMC: Evolving Curated Staking Modules Governance](https://snapshot.box/#/s:lido-snapshot.eth/proposal/0x1c929502f12c61a510c71965d7a7f82dcc76b5d812e2f52796f6bacd6f66e32b)**
- **Voted:** Assuming it helps with streamlining operational processes. Assuming it does not unwarranted, execution hindering, corporate bloat.
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [April 24, 2026, 2:34pm UTC](https://research.lido.fi/t/batux-delegate-thread/11201/3 "2026-04-24T14:34:02Z")
**Vote: [Transfer 2500 stETH from Aragon Agent to Lido Labs Foundation operational multisig.](https://dao.lido.fi/vote/200)**
Spending 2.5k stETH to return c.100k ETH to users is a reasonable proposal. Furthermore, if the DeFi United effort is successful, it will mean that users can be made fully whole, hence expecting that the $3M USD EarnETH buffer that the DAO allocated to losses on principal will not be drawn against, which equates to saving the DAO about 1.3k ETH, hence the effective contribution here is c. 1.2k ETH to the DeFi United effort.
Similarly to Anthony Leuts, I’d like to inquire too about how Mellow will be involved in the recovery—given that they are the curators of the EarnETH vault and are drawing upside from managing it, hence bare responsibility for the loss of funds too. cc @Jenya_K
**Voting yes** , but not content. The DAO needing to contribute to the clean up of the mess caused by another party is subideal. Looking forward to reviewing the post mortem; curious to see what consequences will be drawn in terms of the continuation of the Lido Earn program and the specific involvement of Mellow in the recovery process.
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [April 24, 2026, 3:28pm UTC](https://research.lido.fi/t/batux-delegate-thread/11201/4 "2026-04-24T15:28:43Z")
@Jenya_K @vsh , I’d also be curious to learn whether worthwhile to thinking about the stablecoin split in the EarnUSD vaults. Given that historically, whilst Circle has been unable and unwilling to cooperate in the context of security breaches, Thether has shown responsiveness and willingness to support affected parties in such situations.
Given an uptick in security breaches in DeFi lately, which I do not expect to subside, but rather accelerate—and assuming a continuation of the EarnUSD vault—will it make sense to assign USDC a different risk profile vis-a-vis USDT?
---
### Author:  [@lidolabs-operations](https://research.lido.fi/u/lidolabs-operations)
#### Post date: [April 27, 2026, 7:23pm UTC](https://research.lido.fi/t/batux-delegate-thread/11201/5 "2026-04-27T19:23:10Z")
Good point, we’ll make sure this is addressed in the post-mortem and broader risk framework review, including for EarnUSD.
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [May 14, 2026, 10:50am UTC](https://research.lido.fi/t/batux-delegate-thread/11201/6 "2026-05-14T10:50:03Z")
1. **[Adopt the Node Operator Type Assessment Framework for CMv2](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x2b221847bae789551593115be9a364db4c9a478056d6394b1bef7728790258ee)**
2. **[NEST: Automated LDO Buyback and Liquidity Provisioning](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x022e901a6368573d18b150eecda563dd2ee17ad2aa6a0ef9772151cc7ba55187)**
3. **[Transition from GateSeals to CircuitBreaker](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x46d8df504c019be2be84a38c8705cd8bdbe4f5f4d2b141d4e8bd3e69af9ef5f3)**
4. **[Should Pier Two continue in the Curated and SDVT sets following the acquisition by Bitmine Immersion Technologies?](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x80959462b3026fc118ee9a3d7f46485b335677a2a5a739b3ede2656b7982f8e8)**
5. **[Increase Easy Track transfer limits for Liquidity Observation Lab to align with EGG](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x863859d857c7429a0dcb85a4b324de803e2f66ddd8f50e4c2f04a31c35c6ae6f)**
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [June 19, 2026, 7:21pm UTC](https://research.lido.fi/t/batux-delegate-thread/11201/7 "2026-06-19T19:21:25Z")
1. **[LIP-35: Staking Router v3 Architecture and Key Parameters](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x8fdec5d2cb70f8a266c4f5a269051fcfa985fab0f66cbe747702719d7433f606)**
2. **[LIP-33: CMv2 and CSMv3 Architecture, Key Parameters, Rollout Plan](https://LIP-33:%20CMv2%20and%20CSMv3%20Architecture,%20Key%20Parameters,%20Rollout%20Plan)**
3. **[Lido Labs Board Update: Appointment of Nemo as Director](https://Lido%20Labs%20Board%20Update:%20Appointment%20of%20Nemo%20as%20Director)**
4. **[Wind Down Simple DVT Module Regular Clusters](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x6ab9651fba999ba29ba780fe61d68cc23e7aeb83c841181c5c1933dec9197f37)**
5. **[Revoke Canonical Status of (w)stETH Bridge Endpoints on Selected Chains and Authorize NEC for Revocations](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x09880de4739dcef13c4aa5605f1dca23556fc7495d09ecc84561a10f26a59b5c)**
6. **[Galaxy Node Operator Infrastructure Update](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x644ddd8079f1f802f3da16b11556412cec4f753a1b942fa8456c631a265a4083)**
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [July 17, 2026, 5:29pm UTC](https://research.lido.fi/t/batux-delegate-thread/11201/8 "2026-07-17T17:29:55Z")
1. **[0x02 CSM: New Permissionless Module Launch](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0xed2a3b1f796cefdd531abe14ba01363b2da7887434cefdd54ba71ffb6dff59a7)**
2. **[Adopt the CMv2 Penalty Framework](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0xa4179234377bab093a8ee46da0f430d51bb343d00ca74ce8bf1d7d8cdb0db9dd)**
3. **[Activate Staking Router v3, Community Staking Module v3 and Curated Module v2](https://vote.lido.fi/vote/203)**
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [August 12, 2026, 8:27am UTC](https://research.lido.fi/t/batux-delegate-thread/11201/9 "2026-08-12T08:27:29Z")
1. **Snapshot vote:** [Lido Alliance BORG Update: Appointment of Bryce Howarth as a New Director](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x4271b19b72c22db46f601fda70b8c228f752c318d7a3bf11ada93671201add2e)
- **Voted:** yes. The appointment keeps Lido Alliance BORG at its bylaw-mandated two-director minimum. Adding an independent director alongside Shaun Musuka reduces single-firm concentration on the board—as both directors were employed by Steakhouse previously—which is a modest but real improvement for a foundation funded by DAO capital, less conflict of interest.
2. **Onchain vote:** [NEST Activation, LOL stablecoins ET Payment Factories Activation, CSM Update Share Limits ET Factory Replacement](https://dao.lido.fi/vote/204)
- **Voted:** yes. Already shared opinion previously. Lido leading the pack with this mechanism, tying value accrual to $LDO. Automated, operationally efficient, the parameters need to be further discussed and potentially adjusted.
---
### Author:  [@batuX](https://research.lido.fi/u/batuX)
#### Post date: [September 19, 2026, 11:05am UTC](https://research.lido.fi/t/batux-delegate-thread/11201/10 "2026-09-19T11:05:57Z")
1. **Snapshot vote:** [Lido Alliance BORG Foundation Update: Appointment of Leeward Supervisors Limited as Supervisor](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x5753c2a012a1733420aa771b7cc8f36912010e277153be5f0281e2196cb0f3a5)
- **Voted:** yes. We need to fill the role. Leeward Supervisors is already familiar with the Lido organization, existing working relationship, hence, I trust that the team has been able to vet competence and fit accurately.
2. **Snapshot vote:** [Authorize a Contingent LDO CEX Liquidity Market-Making Mandate](https://snapshot.org/#/s:lido-snapshot.eth/proposal/0x71b50a792e4606e593ff4502b1753aa3fb894a0bf994d6a5f1d42cee9c94a594)
- **Voted:** yes. LDO trading activity across major CEX says a lot about how LDO is perceived by the wider market. It’s a problem child of an asset, not well managed over the course of the past years when the organization relied too much on natural tailwinds and ETH alignment, vs active management. The ETH alignment card is backfiring. Active token management, early steps are started to be undertaken. LDO is not even consistently in the CMC100 anymore. That stat alone says more than words can.
- If indeed the DAO was nudged by exchanges to do something about the low trading activity as otherwise a delisting may be considered, than it is imperative to engage in a MM mandate.
- I’m not sure whether the org has the necessary competence to vet MM and respective proposals. I do not trust external advisors given the potential for conflicts of interest.
- I’d like to ask for disclosing MM and asking for a vote before engaging with any particular ones. After more than a decade of experience in this space, and working for one of the largest CEX in the industry, I can say that there are some shops I find more competent and trustworthy than others.
3. **Onchain vote:** [EDF (LIP-37), Kiln → Stakely DSM rotation, Deposit Reserve Target ET](https://dao.lido.fi/vote/205)
- **Voted:** yes. Adopts LIP‑37, the Execution Delegation Framework. It moves the Oracle committee seats, the DSM guardian seats and the depositor bot to DelegationContracts, so operators can rotate keys and addresses without a full DAO vote each time. It also swaps Kiln for Stakely in the redeployed DSM and lets the CMC adjust the Deposit Reserve Target through Easy Track, and all of this has been audited by MixBytes and Composable Security and discussed on the forum.