Irina Delegate Thread

Name

Irina

Address

0x06A90756e57bC7A016Eed0aB23fC36d11C42bBa0

Introduction

Hello, Lido community! My name is Irina. I am the Segment Lead within the Everstake team. Before setting the anchor at Everstake, I was part of marketing teams in Web2, working for tech corporations such as Microsoft and Google, and contributing to the growth of the artificial intelligence (AI) ecosystem in Ukraine.

Many of you may know me from my regular Node Operators Community Call recaps, but besides these, I do tons of educational content around Ethereum for the community, as I believe that fighting informational asymmetry and biases will help make this space better. I cover covers not only the latest things around Ethereum and explain novel, complicated concepts in simple words but also touch on the broader landscape that shapes the Ethereum we know today and will face tomorrow. More solid materials from my side include Ethereum ecosystem reports within our reports hub, articles, and talks on the crypto conferences (the last one was on Ethereum governance).

Thanks for considering my application! Below, you can find out more about my motivation, values, and decision-making approach. If any questions, I will be happy to answer them.

Contact Information

Motivation

The recent Compound governance attack proved once more the importance of true voters’ dedication and accountability to the governance process, thus, in my opinion, the introduction of a Public Delegate Platform is just in time to enforce a sustainable governance process within Lido DAO itself.

I have been within the Lido ecosystem for a long time, so I see this initiative as a great opportunity to contribute my expertise and usefulness to the protocol evolution, community, and LDO token holders. For the latter, keeping track of all proposals and voting deadlines may be a burden, which may create a perception of centralization, underrepresentation, and the worst—FOMO, as it’s pretty challenging to be on top of everything given the speed of projects within Web3 space.

As soon as within my Everstake role I also take care of Everstake representation in the Lido governance process, thus if I become a Public Delegate, it won’t be an extra effort for me, as it is something I used to do on a daily basis.

Besides, I find the governance process itself interesting, as this concept matures across the Web3 industry (maybe that’s one of the reasons I write so much about it and my recent conference talk was dedicated to it).

Below are some examples of my participation in the Lido governance across past few years:

Objectives as a Public Delegate
These are focused on three main pillars of the Lido ecosystem:

  1. Serve to protocol. Ensure Lido safe and sound sustainable growth as a leading liquid staking solution, with best-in-class security, deepest liquidity and competitive rewards in accordance with Lido Vibe trinity (purpose, mission, and vision) that benefit both the protocol and the broader Ethereum ecosystem.
  2. Serve to DAO. Provide in-depth analysis, qualitative discussions, and feedback on the numerous proposals on the forum, as well as active voting participation to minimize not-reached-quorum on-chain voting.
  3. Serve to LDO, stETH and stMATIC tokenholders. While under the current governance design, only the first are eligible to participate, I aim to represent the voices of various interested parties, as all their interests are crucial to the protocol’s long-term success. For LDO tokenholders specifically, I want to be a reliable and helpful mediator in expressing their will and power of Lido future.

With a good understanding of the Lido governance process and a set process of allocating time for it, I will be a great delegate for your voting power. With your support, my commitment and track record of taking part in Lido governance will continue to make a significant impact within this ecosystem.

Values and Decision-Making Approach

My values
Core values that will define my decision-making approach:

  • Stay true to the Lido Vibe:
    • Purpose: Keep Ethereum decentralized, accessible to all, and resistant to censorship.
    • Vision: A world in which Ethereum is the co-ordination and value layer of the internet.
    • Mission: Make staking simple, secure, and decentralized.
  • Holistic and sustainable growth: all decisions will be made with the focus on protocol, tokenholders and stakers security and long-term success.
  • Integrity, transparency and accountability: I will provide clear reasoning for the decisions I will make with the delegated voting power and the live publicly accessed database of all ongoing and completed votings in the form of a table (see the example below—it is the one I currently use for internal purposes that has all Lido governance votings since 2022):
  • Active participation and voting: I commit to voting in at least 70% of the votes per quarter and providing feedback on the proposals on the forum while continuing active community engagement and informing on the governance process through my X / Twitter.

What will define my decision-making process?
I am attentive to details and have an analytical mindset. Thus, if you select me as a delegate, you can be sure of a thorough analysis of the proposals. While analyzing the proposal, I always consider the decision’s impact on protocol security and sustainability, as well as its effects on the broader Lido ecosystem.

It’s worth adding that I have an economic degree, which allows me to consider potential implications for Lido’s growth. Unfortunately, I have 0 code expertise, thus, my choices will be based on the audits’ provided results and the reputability of the teams that delivered them.

Public Acceptance

I am fully aware of the requirements and expectations of a Public Delegate. If I am selected as a Public Delegate, I will act in accordance with the Public Delegate Code of Conduct, which includes the below, as well as ensure the best for Lido protocol:

Also there is absolute alignment with the mission, vision, and purpose of Lido DAO, as well as I am aware of updated 2024 goals for Lido, ReGOOSE.

Disclosures

  • As mentioned straightforwardly in the intro, I am part of Everstake, a staking service provider and a node operator within the Lido on Ethereum and Polygon Curated set. As part of my role in Everstake, I am in charge of Everstake operations with Lido.
  • Earlier this year, specifically in March 2024, I received a LEGO (Lido Ecosystem Grants Organization) grant for my social media posts on Lido, which allowed me to participate in the Lido governance process as a voter.
  • I am staking ETH with Lido (one more reason why I do care about Lido protocol and ecosystem sustainable development).

You can find examples of my past Lido governance activity in my Snapshot voting profile (0 missed proposals brought to Snapshot voting since I got the privilege to join the governance process following the recipience of the LDO grant), or check all the screenshots here.

6 Likes

Hello my lovely delegators and the broader Lido community :wave:

As I mentioned in my application:

Thus I am sharing with you a table (comment access via the link) with all my votes since I received a LEGO grant, allowing me to take part in the governance, till the moment you will open it (this database will update with new votings as they appear).

Please find below a short instruction and hints that will make the most of this table for you:

Voting dashboard tab:

  • On the top left you may find my Delegate voting address and amount of delegated LDO voting power.
    If you want to delegate your LDO voting power to me, copy the address, go to Delegation | Lido DAO Voting UI, insert it into “Delegate address” field and click Delegate on Aragon & Snapshot button. This will add your voting power to my future votes.

  • On the top right you may find voting stats for the current month (a total number of votings per specific voting platform that has already ended and is currently going):

  • The main table that includes the name of a proposal or voting, number if any, the link to it, what and when I voted, the voting platform and additional information.
    At the beginning of the table you will find this month’s votings, and the longer-standing one below:

  • What does No objection vote for Easy Track mean? An Easy Track motion is considered to have passed if the minimum objections threshold (0.5% of the total token supply) hasn’t been exceeded (more about Easy Track here). Thus No objection status means that I do support the motion and have no objection against it

Useful links:

  • For your convenience, I have added (and will add more!) various links that I believe may be helpful for LDO delegators.

NB. This table is not immutable and will mature and improve as I will polish it during usage and based on your feedback. Thus if you miss something or like something, let me know :pray:

3 Likes

AUGUST VOTINGS REPORT :sunrise:

Here’s a quick glance at my governance activity in August. The last summer month was hot for Lido DAO. During it, in total there were 23 governance votings across all platforms:

Voting platform # of votings
On-chain (prev. Aragon) 2
Snapshot 5
Easy Track 16

A detailed report is below in this comment :point_down:


I took part in all on-chain and Snapshot votings. Please see a breakdown with the voting name, my vote and a short reasoning, as well as a short summary of what the vote was about:

ON-CHAIN (PREV. ARAGON)

Vote #177
Vote: Yes

Voting summary
  • About: This vote is aimed at implementing on-chain:
  1. Replace Rated Labs with MatrixedLink in Lido on Ethereum Oracle set
  2. Rename CryptoManufaktur Node Operator to “Galaxy” (due to acquisition) and update the reward address
  3. Add On-Chain Delegation as a part of contract upgrade within the Public Delegate Platform
  • Voting platform: On-chain (prev. Aragon) – Lido DAO Voting UI
  • Reasoning: All the suggested to implement were earlier supported via Snapshot. This vote will enact the supported proposals on-chain.

Vote #178
Vote: Yes

Voting summary
  • About: Vote #177 re-run. Please see above for details.
  • Voting platform: On-chain (prev. Aragon) – Lido DAO Voting UI
  • Reasoning: All the suggested to implement were earlier supported via Snapshot. This vote will enact the supported proposals on-chain.

SNAPSHOT

Establish a Public Delegate Platform and Delegate Incentivization Program
Vote: Approve platform & incentives

Voting summary
  • About: A proposal aimed to increase active governance process participation, improve the quality of discussions and feedback, and enhance Lido on Ethereum safety by involving new participants in governance through the Delegation Program, which will be incentivized via a 6-month pilot.
  • Platform: Snapshot
  • Reasoning: Given the nature of the recent Compound governance attack, it is a timely proposal to enforce a sustainable governance process.

LIP-25: Staking Router 2.0
Vote: Yay

Voting summary
  • About: The proposal aimed to upgrade existing Staking Route architecture and includes improvements to both on- and off-chain parts of the following components: the Deposit Security Module, the Validator Exit Bus Oracle, the Accounting Oracle and reward distribution mechanisms in curated-based staking router modules.
  • Voting platform: Snapshot
  • Reasoning: The suggested changes will really make the Staking Router better. Audits will be completed by Ackee and Mixbytes, reputable Web3 auditors

Decision on Rated Labs’s position in the Oracle Set: rotate or remove and change the quorum
Vote: Rated Labs → MatrixedLink

Voting summary
  • About: Rated Labs expressed their intention to depart from the Lido oracle set. MatrixedLink would like to replace them. The transition is expected to occur in Q3 2024.
  • Voting platform: Snapshot
  • Reasoning: The rotation is an optimal option. As per DAO Ops workstream note, MatrixedLink went through the testnet and is a good fit for this role.

Should the Lido DAO recognize the wstETH Bridge Endpoints on BNB as canonical?
Vote: Recognize

Voting summary
  • About: The proposal is to recognize the wstETH token bridging endpoints for BNB by the Lido DAO as canonical. When passes, the Lido DAO will control the endpoints of wstETH token contract as a proxy admin.
  • Voting platform: Snapshot
  • Reasoning: Time to enhance wstETH on L2.

Should the Lido DAO recognize the wstETH Bridge Endpoints on Mode as canonical?
Vote: Recognize

Voting summary
  • About: The proposal is to recognize the wstETH token bridging endpoints for Mode by the Lido DAO as canonical. When passes, the Lido DAO will control the endpoints of wstETH token contract (including the token contract on Mode itself) as a proxy admin.
  • Voting platform: Snapshot
  • Reasoning: Time to enhance wstETH on L2.

EASY TRACK

There were 16 motions (you may find all of them in my votings database). None of them required to be objected.


If you miss some info, please let me know and I will update this report with it, as well as include it into my next reports :relieved:

See you next month!

3 Likes

SEPTEMBER VOTINGS REPORT :leaves:

A perfect recipe to enjoy the autumn season? Pumpkin late and a report, covering the Lido governance and my activity within it in September. During it, in total there were 20 governance votings across all platforms:

Voting platform # of votings
On-chain (prev. Aragon) 0
Snapshot 7 (only 2 non-scam)
Easy Track 18

Take a quick look at the dashboard below or check a detailed report below :point_down:


Also there were in total 7 Snapshot votings, 5 of them were a scam one with the proposal of a same fake airdrop. I won’t review them below, but you can check them in the table. Please see a breakdown of the legitimate ones with the voting name, my vote and a short reasoning, as well as a short summary of what the vote was about:

SNAPSHOT

Should Galaxy continue in the Curated Module set following the acquisition of CryptoManufaktur?
Vote: For

Voting summary
  • About: In July, it was announced that Galaxy had acquired CryptoManufaktur, one of the node operators of the Curated set. The forum discussion resulted in the community and Lido Node Operator Subgovernance Group (LNOSG) not seeing any reason to object to Galaxy staying on in the Curated Module as the successor to CryptoManufaktur. This voting aimed to formalize acceptance of the proposal that Galaxy should remain in the Curated Module.
  • Voting platform: Snapshot
  • Reasoning: CryptoManufaktur validator operations (infra, people, geographic distribution and jurisdictional location) remain the same, showcasing a benchmark for many fellow operators. Torsten and the team are professionals pushing boundaries of Ethereum excellence (I don’t know anyone who has done for EL client diversity more than Thorsten), so it is an absolute pleasure and honour to have them in the Curated NO set, now as a part of Galaxy team.

Organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG
Vote: Approve the Lido Alliance BORG

Voting summary
  • About: This proposal aims to formalize and legalize the creation of a LIDO Alliance workgroup through the incorporation of a Lido DAO BORG (cybernetic organization or CybOrg) powered by MetaLeX to legally cover the Alliance workgroup and its related assets, operations and activities.
  • Voting platform: Snapshot
  • Reasoning: As soon as Lido DAO can’t enter into agreements, as it lacks legal personality, this is a valid solution to set up everything and ensure smooth operations of Lido Alliance…

EASY TRACK

There were 18 motions (you may find all of them in my votings database). None of them required to be objected.


If you miss some info, please let me know and I will update this report with it, as well as include it in my next reports :relieved:

If you are one of those, delegating your LDO voting power to me, I appreciate your trust and am happy to vote on your behalf to ensure the best for Lido DAO. If you are a tokenholder looking for your delegator, you find a bit more about me, my values and governance approach here.

Have a great October, and look for another report after Halloween :ghost:

1 Like

OCTOBER VOTINGS REPORT :jack_o_lantern:

Spooky season for everyone? Delegates had no time for being scared or distracted, as lots of proposals to vote for this month. During it, in total there were 28 governance votings across all platforms:

Voting platform # of votings
On-chain (prev. Aragon) 2
Snapshot 6
Easy Track 20

Take a quick look at the dashboard below or check a detailed report below :point_down:


I took part in all on-chain and Snapshot votings. Please see a breakdown with the voting name, my vote and a short reasoning, as well as a short summary of what the vote was about:

ON-CHAIN (PREV. ARAGON)

Vote #179
Vote: Yes

Voting summary
  • About: This vote is aimed at implementing on-chain:
  1. Upgrade wstETH on Optimism bridge endpoints to enable rebasable stETH on Optimism alongside wstETH.
  2. Add Easy Track setup for funding the Lido Alliance Operational Multisig. Line
  • Voting platform: On-chain (prev. Aragon) – Lido DAO Voting UI
  • Reasoning: All the suggested to implement were earlier supported via Snapshot. This vote will enact the supported proposals on-chain.

Vote #180
Vote: Yes

Voting summary
  • About: This vote is aimed at releasing the Community Staking Module (CSM) for permissionless staking and upgrading the Staking Router to ensure compatibility with CSM and future modules, improving system efficiency. Also it includes the rotatation the Instadapp Oracle address, as requested on the forum.
  • Voting platform: On-chain (prev. Aragon) – Lido DAO Voting UI
  • Reasoning: All the suggested to implement were earlier supported via Snapshot. The Staking Router 2.0 and CSM release were properly audited by Ackee Blockchain and Mixbytes. This vote will enact the supported proposals on-chain.

SNAPSHOT

Lido Community Staking Module Mainnet Release Setup
Vote: Approve CSM mainnet release

Voting summary
  • About: A signal vote from the Lido DAO members to get approval on CSM parameters, their configuration for use in the mainnet release, and the granting of some CSM management permissions to the CSM committee.
  • Voting platform: Snapshot
  • Reasoning: This inclusion into the Lido mainnet is a milestone making node operators set more decentralized, diversified and accessible to join by community and solo stakers. Parameters are thoroughly checked before being proposed.

Change Easy Track limits for PML & ATC
Vote: Support the change

Voting summary
  • About: This proposal suggests updating the Easy Track limits for two multi-signature addresses in LCG (Lido Contributors Group) to reflect changes in PML (Pool Maintenance Labs Ltd.) from 6M to 4M and ATC (Argo Technology Consulting Ltd) from 1.5M to 7M USDC/USDT/DAI per quarter (for both) funding needs and token redistribution. These changes aim to align on-chain security constraints with operational needs.
  • Voting platform: Snapshot
  • Reasoning: This will allow to achieve the goals set by the 2024 v2: Continuity Grant Funding and to ensure healthy and sound utilization of cash flows, as well as to align on-chain security constraints with operational needs…

Increase the Proposal Threshold for Snapshot
Vote: Do nothing

Voting summary
  • About: This proposal seeks to increase the Snapshot proposal threshold to 5k-15k LDO to prevent spam and encourage higher-quality submissions.
  • Voting platform: Snapshot
  • Reasoning: I do NOT support this community proposal, because the suggested design may decrease accessibility to submit proposals by individuals, while at the same time give additional burden to DAO Operations Workstream, as fair actors who do not own enough tokens will reach to them to create a proposal.

Lido Alliance application: Bolt
Vote: Onboard Bolt to Lido Alliance

Voting summary
  • About: In this proposal, Chainbound asks for the onboarding Bolt (enables sub-second preconfirmations on Ethereum) as a part of Lido Alliance. Among other benefits, Chainbound plans to allocate 6.5% of Bolt’s total token supply to the Lido Alliance. At the same time Chainbound is seeking from this membership: endorsement, integration, and communication support; support and consultation.
  • Voting platform: Snapshot
  • Reasoning: Pre-confirmations are the next big topic. Bolt is a great addition to the Alliance and will benefit the protocol. It’s design (open-sourced, permissionless and moving towards censorship resistance) aligns with Lido Vibe and enables moving towards reGOOSE.

Integrate CSM into the Decentralized Validator Vault
Vote: Yes, vote for the integration

Voting summary
  • About: This proposal aims to integrate the CSM into the DVV alongside the Simple DVT Module, benefiting stakers using the CSM, Mellow DVV users, and the overall decentralization of the Lido on Ethereum protocol.
  • Voting platform: Snapshot
  • Reasoning: This is a cool idea because the Mellow Decentralized Validator Vault will be a great resource for additional ETH inflow into CSM, in addition to directly from the Lido protocol itself. Thus, it will allow all participants willing to join the Lido operator set as a CSM operator to deposit faster, overall boosting Lido operator set decentralization and diversification.

Should the Lido DAO recognize the wstETH bridge endpoints on Zircuit as canonical?
Vote: Recognize

Voting summary
  • About: The proposal is to recognize the wstETH token bridging endpoints for Zircuit by the Lido DAO as canonical. The DAO will control the endpoints of wstETH token contract (including the token contract on Zircuit itself) as a proxy admin, and will only have the upgrade authority of the wstETH proxy contract, and will not be able to manage the native bridge itself.
    Vote for: “Recognize”
  • Voting platform: Snapshot
  • Reasoning: Time to enhance wstETH on L2 :smirk:

EASY TRACK

There were 20 motions (you may find all of them in my votings database). None of them required to be objected.


If you miss some info, please let me know and I will update this report with it, as well as include it in my next reports :relieved:

If you are one of those, delegating your LDO voting power to me, I appreciate your trust and am happy to vote on your behalf to ensure the best for Lido DAO. If you are a tokenholder looking for your delegator, you find a bit more about me, my values and governance approach here… or we can meet at person on the DevCon :thailand:. DM me, if you are interested.

Have a great November, and look for another report at the end of the month!

1 Like