Establishing the Network Expansion Committee

Proposals
10

General Thoughts

Since its first mention in October 2023, the Network Expansion Workgroup (NEW) has provided instrumental thought leadership in bridge guidelines/integrations, governance decision forwarding, proposal verification, and wstETH stETH expansion initiatives. The longstanding dedicated participation of the team’s two spokespersons @TheDZhon and @DeFiYaco from 2021 and 2022 indicates reliability and trustworthiness. Over the last year, the NEW team has consistently added value to the Lido community, evident in the non-exhaustive list of proposals and participation the NEW team mentioned here:

We believe NEC’s objective of operationalizing network expansion will decrease go-to-market times, resulting in faster expansion for wstETH stETH. The NEC also benefits from aligning itself with the core three-year goal outlined in GOOSE 1 to “increase stETH’s user value by increasing its utility as money” (GOOSE 1).

Questions:

  1. While true that the checks and balances on NEC are substantial and adhere to committees’ standardized operating procedures, we wonder why the forum is utilized as the medium to object when it appears like this process may be offloaded to easy track so the barrier for opponents is lower and visibility is increased?

  2. Does the NEC envision a standard reporting period where it dispels all of its accomplishments and challenges?

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