Delegate Oversight Committee Quarterly Report (Q4, 2025)
TL;DR:
All six active delegates met the participation and engagement requirements. Each will receive 16,276 LDO from the $75k quarterly pool. This was the final quarter of the current DAO-approved program; an updated proposal will be brought to the forum soon. Thank you to all delegates for the depth, consistency, and quality of input during a demanding governance cycle.
Overview
The Delegate Oversight Committee reviewed delegate performance for Q4 2025 (October 1 – December 31), focusing on voting activity, delegation thresholds, and quality of governance participation.
Q4 concluded a cycle with elevated strategic load and above-baseline governance complexity.
Eligibility Summary
- Delegation threshold: ≥1M LDO (on Snapshot or Aragon) as of October 1.
- Voting participation: ≥70% participation on both Aragon and Snapshot.
- Community engagement: Constructive, consistent input in governance, including feedback, reasoning, and presence.
All eligible delegates satisfied the criteria and qualified for equal rewards.
Performance Evaluation
| Delegate | Aragon | Snapshot | Eligible |
|---|---|---|---|
| Anthony Leuts | 4/4 (100%) | 10/10 (100%) |  |
| Nansen | 3/4 (75%) | 10/10 (100%) | |
| polar | 4/4 (100%) | 10/10 (100%) | |
| Lanski | 4/4 (100%) | 10/10 (100%) | |
| cp0x | 5/4 (100%) | 10/10(100%) | |
| PGov | 3/4 (100%) | 10/10 (100%) | |
Delegate engagement remained strong across the board. Feedback quality, accountability, and ongoing dialogue with contributors stayed consistently high throughout the quarter.
Notes
- PGov temporarily dropped below the delegation threshold on Nov 4, 2025, but restored delegation before quarter end and remained eligible.
- One non-actionable onchain test vote was excluded from assessment. cp0x still participated; this was recorded as a positive signal of attentiveness.
- ~8M LDO of new voting power was attracted into delegation during the quarter.
- Kuzmich crossed the delegation threshold at the end of December. They also demonstrated consistently high involvement and will be considered if the program is extended.
Sources: https://dune.com/lido/lido-delegations, Snapshot, https://vote.lido.fi/
Reward Allocation
- Quarterly pool: $75,000
- 90-Day TWAP (December 31): 1 LDO = $0.7680 (source)
- Total LDO distributed: ≈ 97,656 LDO
- Per delegate: 98,555÷ 6 ≈ 16,276 LDO
Next Steps
- Q4 rewards will be distributed within three weeks of this report.
- The public delegate set will be reviewed, with inactive delegates removed.
- A proposal to extend and update the program will be published on the forum mid Q1, 2026.
- The extension will likely include Q1, ensuring active delegates in early 2026 are also rewarded.
- Ongoing eligibility will continue to require ≥70% participation and ≥1M LDO delegation.