Governance Grove Delegate Thread

Delegate Platform
4

Hi Lido DAO! Please find our voting rationale for the March 24th batch of DAO proposals here:

Batch Voting Date: 24th March, 2025

  1. Ensuring Compatibility with Ethereum’s Pectra Upgrade
    • Vote: For
    • Summary & Rationale: This is vital technical update to ensure Lido’s staking services remain compatible with Ethereum’s Pectra Upgrade, scheduled for March 2025 (Ethereum Pectra Upgrade Details). Failure to adapt risks disrupting staking services, undermining user trust, and weakening Lido’s market position.
  2. [EGG] Lido Ecosystem BORG Foundation Grant Funding Request (Apr-Dec 2025)
    1. Summary: There are 2 items in this proposal:
      1. A new budget request via Ecosystem Grants (10.61M DAI) to fund the operations & new deliverables of Lido core contributors that have been wrapped into the Lido Ecosystem BORG Foundation from Q2’25 to Q4’25.
      2. An extension of the “best before” date from 2025-6-30 to 2025-12-31 for a previously approved grant of 8.5M DAI to Liquidity Observation Labs (LOL, source).
    2. Vote: Yes
    3. Rationale:
      1. The majority of the new funding request will go to Sales & Marketing efforts (5.93M DAI), which is very much needed to capture the opportunities that have emerged in 2025 from a pro-crypto, and even pro-ETH, US administration.
      2. Extending the “best before” date of the LOL grant provides more flexibility and reduces pressure to deploy into sub-optimal ecosystem growth opportunities
  3. [EGG] Lido Labs BORG Foundation Grant Funding Request (Apr-Dec 2025)
    1. Summary: A new budget request via Ecosystem Grants (34.88M DAI) to fund the operations and new development of Lido core contributors that have been wrapped into the Lido Labs BORG Foundation from Q2’25 to Q4’25.
    2. Vote: Yes
    3. Rationale: Building off prior detailed discussion among other delegates (Blockworks, Nansen) and Lido contributors, we note that the main driver for a higher budget in 2025 (vs 2024) is the R&D cost bucket, increasing from 25.8M DAI to 39.78M DAI (~54% increase). Although this is a huge increase, we believe this is reasonable in order to deliver against the 4 key objectives laid out in the proposal—Lido V3, Dual Governance, CSM V2 + SSVLM, and leading protocol research initiatives (Lido & Ethereum) to protect Lido’s market position and pre-empt new opportunities. G&A reduced by 5.52M DAI (~39%) while Education, Advocacy, and Outreach reduced by 730k DAI (~9%) vs 2024.
  4. MEV-Boost Relay Allowed List management via Easy Track
    • Vote: Yes
    • Summary and Rationale:
      This proposal streamlines MEV-Boost relay management through Easy Track, automating a previously manual and multi-step process, reducing the operational overheads of the Relay Maintenance Committee (RMC).
  5. SSV Lido Module Proposal from Clusterform
    • Summary: This proposal seeks approval for the co-development of the 4th Lido Module (SSVLM) by Lido contributors and Clusterform, which provides Node Operators running SSV a permissionless way to join the Lido Node Operator set.
    • Vote: For
    • Rationale: DVTs help node operators achieve higher levels up security and performance for their validator keys—of which the greatest beneficiaries are at-home node operators. SSVLM removes the operational & coordination overheads of forming SSV clusters manually and aims to further lower the capital barriers to entry for small stakers. This will greatly improve decentralisation of both the Lido Node Operator Set and the Ethereum network as a whole.
  6. Lido DAO Ops Multisigs Policy 2.0
    • Vote: Yes
    • Summary and Rationale:
      This proposal updates the original multisig policy for securing Lido’s operational funds and transactions. In light of the recent SAFE UI exploit, this is a timely and essential security update.