Hey Lido community!
The 2nd quarter of 2023 has ended and we’re excited to share a report on LEGO’s achievements for this period.
The full LEGO Q2’23 report is available here.
What is LEGO - A Reminder
LEGO - Lido Ecosystem Grants Organisation - is an initiative by the Lido DAO to fund and support developments that benefit and grow the Lido ecosystem. It is intended as a quick and efficient process through which industry contributors can effortlessly get access to the funding and resources needed to build their ideas.
LEGO is intended as a catalyst for growth and innovation to maintain Lido as a leading and most useful liquid staking protocol in the whole space.
You can learn more about LEGO and apply for funding by visiting Lido Ecosystem Grants Organisation - LEGO.
Quarter 2 Summary
The second quarter of 2023 was filled with incredible grants, encompassing:
- ETH censorability monitor grant;
- Finalising a research to design a filtering mechanism to identify solo-stakers on-chain by Rated;
- OpenBlock Labs project start to develop an objective-based incentive engine and systems analytics dashboard;
- And many more!
By the end of the quarter $242K were allocated to LEGO initiatives (totalling 48.3% of the quarterly budget.
Check out the full overview in Q2’2023 report and reports for other periods here.
What’s Next: Q3 2023
- The LEGO budget will remain at $500,000 equivalent. Budget will consist of 40% LDO and 60% DAI token split;
- Individual allowances to be recalculated each quarter: USD equivalent using 30d TWAP is calculated for 15k and 10k LDO (council and nominees respectively), if the wallet of LEGO member has higher or equal balance than calculated allowance - it doesn’t get a refill;
- Lido Community Lifeguards initiative to be launched during Q3 2023 (approved by Lido DAO in Q2 2023);
- Launchnodes - Impact Staking proposal was voted for on the Snapshot and to be launched in Q3 2023.
Refill amount and individual allowances for Q3 2023 are as follows (using 30d TWAP for LDO as of July 16th 2023 = 1.9793):
For more information on proposals shared with LEGO, visit research.lido.fi.