Batch Voting Date: 29th April, 2025
Proposal: Extend Delegate Incentivization Program through 2025
Vote: For
Rationale: The proposal to lower Lido DAO’s delegate threshold from 2 million LDO to 1 million LDO reduces financial barriers, fostering inclusive governance for a protocol managing ~$19 billion in staked assets. The delegate incentive program, funded by a 150,000 LDO allocation, has been pivotal, notably inspiring the formation and activation of Governance Grove. We support extending this program, as it provided a meaningful framework for delegate engagement, rallying the community in ways that would not have occurred otherwise. It also directly influenced our decision to become active delegates. Meaningful contributions that do not get captured within the 1 million LDO threshold and retroactive compensation if they result in clear, implemented outcomes — can be supported outside the Delegate Incentivization Program via retroactive grants funding and future program proposals.
Proposal: Lido Alliance application: Twyne
Vote: For
Reasoning: Twyne’s credit delegation protocol expands the utility of stETH, attracting new users and liquidity while promoting innovation in lending markets. This collaboration strengthens Lido’s commitment to permissionless restaking and ecosystem growth, in alignment with Ethereum’s long-term decentralization goals. The mutual benefits—such as shared security audits, community engagement, and co-marketing opportunities—likely outweigh potential risks, provided robust governance and due diligence are maintained, as seen in the structured approach of the Lido Alliance BORG (Organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG).
Proposal: CSM: stakeShareLimit and keyRemovalCharge parameters adjustment
Vote: For
Reasoning: We back this proposal as it promotes the careful growth of the Community Staking Module while keeping critical protections in place. With around 50 Node Operators waiting to join and the current 2% stakeShareLimit fully tapped out, there’s clear evidence that more room is needed to accommodate demand. The plan smartly ties the increase—to 3%—to specific conditions, like hitting validator targets or rolling out CSM v2, which keeps expansion steady and deliberate. Plus, cutting the keyRemovalCharge from 0.05 ETH to 0.02 ETH makes it more affordable for operators, fitting today’s network environment. These updates push forward Lido’s goals of widening involvement and spreading out validator control, strengthening the ecosystem’s decentralization.
Proposal: Increasing LOL Easy Track Limits to align with Grant Requests
Vote: For
Reasoning: We support increasing the Easy Track (ET) limits for the Liquidity Observation Lab (LOL) multisig to 5,000 stETH every 6 months, aligning with the approved $8.5 million grant for H2 2025. This adjustment ensures that the LOL can access the full grant amount without operational delays. The DAO Ops team has further recommended raising the limit to 6,000 stETH to provide a comfortable buffer and reduce the need for near-term adjustments. This proactive measure aligns on-chain security constraints with operational needs, supporting the Foundation’s objectives effectively.
Proposal: Emergency rotation of compromised Chorus One oracle
Vote: For
Reasoning: We vote YES on this proposal to rotate the compromised Chorus One Oracle key. The compromise was caused by a historical hot wallet key leak, and there is no ongoing security breach. Despite the incident, the Lido protocol remains secure, with no impact on stakers. The quorum of 5/9 oracles remains intact, maintaining the continued accuracy of the system. Rotating the compromised key promptly will help preserve the integrity of the affected oracles and maintain the security of the protocol.