LDO+stETH dual governance (continuation)

[sacha]

cross posting a distillation of the research here

Lido dual governance explainer

see here for the snapshot proposal – vote expected on April 18th [Screenshot 2024-02-20 at 11.26.02] diagram taken from specification Introduction By allowing for stETH holders to exit en masse before a given proposal is passed, dual governance represents an important step towards mitigating Lido protocol governance risk for Ethereum stakers. The main goal is to prevent LDO holders from changing the social contract between the protocol and stETH holders without their consent. Today LDO hold…