First of all, a huge thank you for your questions, discussions, and feedback. And, of course, for the public support from those who plan to be Lido delegates. It is very valuable to see that the proposal is generating interest in the industry.
Since the transition to the voting stage is planned for today, I have updated the original proposal based on the questions and comments in this thread. There have been no major changes, just clarifications regarding the process, which are now included in the proposal.
Additionally, considering the changes in timelines, the current proposed timeline if the proposal passes is as follows:
Delegate Application Period: Applications for delegates will be open from August 9 to August 25.
Delegate Rally: The delegate rally will take place from August 26 to September 18.
Program Start: The first season of the incentivization program will commence on September 19.
First Quarter Incentives Distribution: Incentives for the first quarter of the pilot will be distributed from December 18 to December 31.
Second Quarter Incentives Distribution: Incentives for the second quarter of the pilot will be distributed from March 18 to March 31.
Supportive of this proposal for more active (and healthy) delegate participation. Would like to become a public delegate under this program and participate.
Great news! The proposal was passed yesterday on Snapshot, and although the on-chain delegation is still in progress, the application phase is now beginning.
From August 9th to 25th, applications from delegates will be accepted to represent the community.
After the application period closes, profiles will be transferred to the UI and the delegate rally begins. The rally will be an exciting time when delegates are actively promoted to the Lido community.
Thank you for the update on the programās progress. We are very excited about the development of this program.
Currently, it is in the application phase, but what are the things that need to be done to participate in the program other than creating a delegate thread? Is there going to be a special application form, or is creating a delegate thread sufficient to meet the requirements?
We are curious about what kind of āUIā will be provided separately from the delegate platform profiles on the forum.
Creating a delegate thread on the forum is indeed the application, nothing else needs to be done.
Regarding the UI, along with the launch of on-chain delegation, a UI for it will be released (likely within 2-5 days after enactment). This UI will include a list of public delegates (after the application phase all would be added) to make it easier for token holders to choose whom to delegate to, a simple version for the Pilot.
Thank you for the updates @Jenya_K , we see the Delegate platform as an excellent medium to onboard new wave of community members who can enrich the DAOs decision making process
Franklin DAO is excited to take part in the Delegate Incentivization Program. We have been big fans of Lido for a while now and are determined to contribute in a meaningful way to help the DAO continue to move forward in the right direction.
The application period has ended. Anyone joining the platform today or later wonāt be added to the UI or included in communications during the rally.
Vote 178, which activated on-chain delegation, passed successfully and was enacted on Saturday, August 24th. The UI for comfortable delegation is expected to be released today, but if you canāt wait, hereās a guide on how to delegate via Etherscan: Etherscan Voting Guide.
The rallies supported by Lido channels comms start today and will run until September 18th. Delegates who attract 2M or more voting power during this period will qualify for the Delegate Incentivisation Program (DIP). However, not qualifying for the DIP does not prevent others from participating in governance.
The Delegate Oversight Committee will need a few days to prepare the delegate lists and finalize the rally program. Delegate list will appear in the UI early next week.
How to Use the Table:
In the table, you can filter delegates by:
Type: Individual or Collective.
Engagement in Lido: Whether the delegate is already involved in governance, serves on a committee, or has received a LEGO grant.
Expertise: Governance, DeFi, analytics, and more.
Note: All information is based on what the delegates have shared about themselves. The Oversight Committee does not verify this information, so be sure to do your own research before delegating. If you are a delegate and notice any inaccuracies in your description, please DM me, and weāll be happy to make corrections.
Interface Update on September 3rd:
Starting September 3rd, an updated list of delegates will be available on vote.lido.fi/delegation. This will make it easier to choose and delegate on the spot.
Educational Sessions in Twitter Spaces from September 9th to 18th:
We are planning several educational sessions in Twitter Spaces, where you can:
Meet the delegates.
Discuss important aspects of Lido, such as the mission, vision, and purpose.
Learn about the GOOSE framework, which is crucial to set Lidoās strategy.
Details and the schedule will be posted on September 7th in this thread and on Twitter. If youāre a delegate and want to participate in these sessions, please DM me.
Based on the current timeline, the Delegate Oversight Committee had initially planned to finalize the list of eligible delegates for the Incentivization Program today. However, as we only have three eligible candidates at the moment, the committee has decided there is no strong reason to enforce today as the cutoff. To encourage further delegations, the eligibility window is extended until the start of the next vote, scheduled for September 26th at 4 PM UTC. upd. next vote was moved to October 3rd at 4PM UTC
As this is a pilot project, the Delegate Oversight Committee has determined that all delegates with 2M+ on-chain delegations* are eligible for incentives.
The Delegate Oversight Committee will evaluate results at the end of the first quarter of the pilot. Incentives will be distributed after the December voting slots, at the end of December.
I would like to remind you that the quantitative criterion for receiving incentives is participation in 70% of votes. As for the qualitative criteria, you can find them above, but briefly, they include:
Representing Token Holders: Analyze proposals and ensure the communityās interests are upheld.
Community Engagement: Participate in discussions, conduct independent analyses of DAO votes, and participate in community update calls.
Expertise Contribution: Provide feedback in relevant areas of expertise.
The pilot program is divided into two quarters. The second quarter of incentives will commence on December 19. Therefore, all delegates who receive 2M+ before the start of the next quarter will be eligible for the second quarterās incentives. To attract as many delegates as possible and benefit Lido DAO, this date may be adjusted to align with the start of January votings.
Also, discussions regarding incentives for other active governance contributors have been initiated by @Tane. Share your thoughts here.
Thank you for your participation! And see you on Lido DAO votes!
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*Even though 2 out of 7 delegates didnāt reach the 2M+ LDO delegation threshold on Snapshot, the committee sees active support from the community and believes that including these delegates will be beneficial. The lower delegation threshold on Snapshot is likely due to an unusual UX flow. Therefore, the committee considers that all 7 participants with sufficient on-chain delegated VP should be eligible for incentives.
As we approach the end of the first quarter, hereās a quick update. Based on the Snapshot vote (link), the first quarter dates were set as September 19 to December 19.
Since December 19 falls in the middle of a voting week (the next voting slot runs from December 16 to December 23), the Delegate Oversight Committeeās report and the distribution of incentives will take place between December 24 and December 31.
To proceed with the LEGO granting, we need to finalize the multisig for the committee, as outlined in the Snapshot vote:
2 representatives from Agora:
ā¢ Charlie Feng @zcf
ā¢ Marcela Ochoa @Marcela
Lido DAO Delegate Program Update 
From August 9th to 25th, applications from delegates will be accepted to represent the community.
Delegate profiles can be created here: 