Delegate Oversight Committee Quarterly Report (Q1, 2026)
TL;DR
- Q1 2026 was the first quarter partially operating under the updated Delegate Incentivization Program terms.
- All seven delegates met eligibility criteria and achieved 100% voting participation.
- The full reward pool of $75K will be distributed equally among the seven delegates (~$10.7K per delegate), with payouts made in USD-denominated stablecoins.
Overview
The Delegate Oversight Committee reviewed delegate performance for Q1 2026 (January 1 – March 31), focusing on voting activity, delegation thresholds, and quality of governance participation.
This quarter saw peak delegate engagement — many thanks to all delegates for the consistent, reliable, and high-quality participation.
Eligibility Assessment
Q1 2026 marked the first quarter in which the updated eligibility snapshot timing was applied, as approved in the Snapshot vote, with eligibility now assessed on the first day of the first voting slot of the quarter instead of the first calendar day of the quarter.
- Delegation threshold: ≥1M LDO on Snapshot or Aragon as of the first day of the first voting slot of Q1 (January 19, 2026)
- Voting participation: ≥70% participation across all votes during the quarter
- Community engagement: Consistent and constructive participation in governance, including reasoning, feedback, and presence in discussions
All eligible delegates satisfied the criteria and qualified for equal rewards.
Performance Evaluation
| Delegate | Snapshot participation | Aragon participation | Eligibility |
|---|---|---|---|
| Anthony Leuts | 5/5 (100%) | 1/1 (100%) |  |
| Nansen | 5/5 (100%) | 1/1 (100%) | |
| polar | 5/5 (100%) | 1/1 (100%) | |
| Lanski | 5/5 (100%) | 1/1 (100%) | |
| cp0x | 5/5 (100%) | 1/1 (100%) | |
| PGov | 5/5 (100%) | 1/1 (100%) | |
| Kuzmich | 5/5 (100%) | 1/1 (100%) | |
Notes
- Delegate engagement remained consistently high, with all delegates participating in every vote and providing rationale for their decisions.
- Kuzmich met the required delegation and was therefore included in the delegate set.
Sources: https://dune.com/lido/lido-delegations, Snapshot, https://vote.lido.fi/
Reward Allocation
As approved in the Snapshot vote, program rewards are now distributed in USD-denominated stablecoins instead of LDO.
- Quarterly pool: $75,000
- Number of delegates: 7
- Per delegate: $75,000 ÷ 7 ≈ $10,714
Next Steps
- Q1 2026 rewards will be distributed within three weeks of this report.
- The public delegate set will be reviewed, and inactive delegates may be removed.
- For Q2 2026, eligibility will continue to be evaluated under the current rules, ≥1M LDO delegated on either Snapshot or Aragon. Starting in Q3 2026, participation in the program will require delegation on both Snapshot and Aragon.