As the fourth quarter of 2024 came to a close, contributors are excited to share LEGO’s achievements during this period.
Dive into the comprehensive LEGO Q4’24 report available here.
What Is LEGO?
For those needing a quick refresher, LEGO, short for Lido Ecosystem Grants Organization, is an innovative initiative from Lido DAO. Its core mission is to bolster projects that contribute positively to the Ethereum liquid staking environment. Designed with efficiency in mind, LEGO empowers a range of innovators - from builders to researchers - by providing them with the essential funding and resources needed to bring their creative ideas to fruition.
LEGO is more than a funding source; it’s a catalyst for growth and innovation, playing a crucial role in maintaining Lido’s position as a top-tier liquid staking protocol.
To delve deeper into LEGO or to explore funding possibilities, visit the Lido Ecosystem Grants Organisation - LEGO.
Highlights: Q4 2024
The past quarter, Q4 2024, featured a range of notable grants including:
- Integrating Nethermind Sedge with Lido CSM;
- Stereum CSM & SimpleDVT Integration Grant Proposal;
- Aestus MEV relay grant;
- Integration of Beacon Chain data into Dune;
- Grant to Support Vyper Development;
- Commit-Boost grant;
- And many more!
A total of DAI 449K was allocated to LEGO grants, amounting to 90% of the allotted quarterly budget.
For an in-depth look at LEGOs Q4 journey, check out the full report. For a deeper look into previous quarters, the archive is here.
What’s Next: Q1 2025
- Tim Beiko to be rotated with Eric Siu and the council will now have a right to make some changes to the multisig signers list without a Snapshot vote in certain situations, more details are in the Snapshot vote decision;
- The LEGO budget will remain at DAI 500,000, with a 20% LDO and 80% DAI (or another USD stable coin) token split;
- Individual allowances will be recalculated each quarter: DAI equivalents using a 30-day TWAP will be calculated for 15k and 10k LDO (council and nominees, respectively). If a LEGO member’s wallet holds a balance equal to or higher than the calculated allowance, it will not be refilled.
The refill amount and individual allowances for Q1 2025 are as follows (using a 30-day TWAP for LDO as of January 1st, 2025 = 1.9548):
For more information on proposals submitted to LEGO, please visit research.lido.fi.