Batch Voting Date: November 26th, 2025
Proposal: Curated Module Fee Changes
Vote: YES
Rationale: Refreshing the Curated Module fees keeps the protocol competitive in a market where staking operators are now running validators at sharply lower margins. The tiered structure gives room to reward public-goods contributors and client teams without distorting the baseline economics for everyone else, and the DAO benefits from a small uplift in its own share of rewards under current assumptions. It also acts as a bridge until CMv2 arrives with automated fee curves and better performance tooling, so adjusting now avoids losing operators or slowing decentralization while the upgrade is still in development. The manual top-ups for higher tiers aren’t elegant, but they give the protocol a practical way to recognize ecosystem-heavy operators without waiting on new contracts. Overall, this keeps Lido attractive to high-quality Node Operators, protects protocol capacity, and buys time for a more robust design in the next module iteration.
Proposal: Conversion of Treasury Stablecoins into sUSDS or TMMFs
Vote: YES
Rationale: Letting idle stablecoins sit unproductive leaves meaningful value on the table when the DAO now has clear guardrails and an approved strategy to earn low-risk yield. The TMC-6 framework offers a defined path for converting existing stables into sUSDS or tokenized money-market funds without handing the TMC or the Foundations open-ended discretion, which keeps governance control intact while still enabling execution. The yield cap, liquidity floor, and quarterly rebalancing rules help the DAO avoid concentration risk and maintain enough liquid stables to cover operating costs, so this isn’t a reach-for-yield move but a structured treasury strategy. Using established conversion routes through USDS minting and PSM liquidity minimizes slippage, and the rotation of TMC members strengthens oversight while the strategy is rolled out. Overall, this lets the DAO turn dormant assets into steady yield within a transparent and pre-approved risk envelope.
Proposal: Future of the Curated Module | CMv2 Landscape
Vote: YES
Rationale: CMv2 gives Lido Core the room it needs to keep up with a staking ecosystem that now demands stronger accountability, more flexible economics, and native support for the new 0x02 validator model. The current module has worked well, but its fee structure, trust model, and stake routing logic were built for an earlier era and cannot adapt quickly when operator costs, performance, or market conditions shift. CMv2 introduces practical upgrades such as bonding, clearer penalty rules, more accurate operator classifications, and a governance flow that reduces bottlenecks while keeping oversight intact. It also prepares the protocol for higher balance validators and the operational realities of Pectra. Since this proposal only seeks approval to proceed with development and testing, supporting it now helps the DAO shape a more resilient and adaptable core before the next cycle of staking competition arrives.
Proposal: Transfer TRP to Lido Labs Foundation and Amend TRP Terms
Vote: YES
Rationale: Consolidating the TRP under Lido Labs Foundation gives the DAO a clearer accountability path at a moment when fragmented oversight created real budgeting risks. The Foundation already operates under public bylaws, DAO-appointed directors, and structured reporting, so shifting TRP stewardship there brings tighter guardrails without changing the existing multisig setup. The revised terms also address the overspend driven by rapid contributor growth and the LDO price drop, which pushed allocations far beyond the original 22M LDO ceiling. A full budget extension or deeper contributor cuts would have strained the protocol more severely, so this middle-ground model stabilizes incentives while keeping operating costs under control. Shorter vesting, a one-time compensation buffer, and clearer program management give contributors a more predictable path forward, and the DAO benefits from a more transparent, fiscally disciplined structure that can evolve with market conditions.
Proposal: Lido Ecosystem Grants Organization (LEGO) — Framework Update 1 October 2025
Vote: YES
Rationale: The update brings LEGO’s structure in line with how the program has actually operated over the past two years. Historical data shows quarterly spending rarely approached the previous $500k cap, so resetting the budget to $250k keeps funding available without inflating unused allocations. Moving to a stablecoin-only budget also makes sense, since LDO was barely used and stablecoins give grantees predictable value while simplifying accounting. Retiring the Nominees track reduces fragmentation that wasn’t delivering much throughput, and consolidating grant review under the Council should create a more coherent pipeline. The refreshed Council composition preserves continuity while keeping signer thresholds unchanged, so operational reliability is maintained. Overall, these changes refine the program without shrinking its scope, align LEGO’s processes with real demand, and make the grants engine easier to manage and forecast for the DAO.