[Lido Labs] GOOSE-3: Lido’s Next Chapter

Proposals
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Thanks for the response @Izzy ! We are not usually privy (nor often need to be) to details so appreciate the transparency into these particular questions!

@vsh I have a lot of faith and confidence! Thanks.

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22

@KimonSh , @Mol_Eliza , @vsh - really appreciate your comments.

With a capped ceiling on mitable stETH from vaults and and the current incentive system, I feel excited to the v3 party started.

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23

am i the only one who thinks it’s excessive to spend ~12.5% of the entire market cap of the protocol on annual expenses? how is this $60M actually broken down and what kind of specificity exists around how this capital is being utilized (both on the baseline & discretionary side)? (referencing the $60M from the “Recap of GOOSE-3” that was posted on the Lido main account on Dec 15)

having seemingly random expectations (that are only measurable at end of year 2026) doesn’t feel like a very rigorous way to hold people accountable here. especially if the idea is rapid iteration on product.

what are the “multiple small bets” that will run in parallel, “each probing a new wedge, market segment, or integration path”?

what does “explore a potential Big Bet” even mean in practice? how much capital is being allocated to this specifically and why? what does success even look like here?

is there any direction at all on how/when/why lido expands into new products? candidly, the track of “small bets fast, focused and scalable” is a bit hollow if there isn’t clear direction on what this looks like in practice, how it will be evaluated as successful/unsuccessful in real-time. what determines a product as “validated” such that it graduates into a larger line of business? who is the arbiter of truth for that?

4 Likes
24

I think it would be worth reviewing the Grant Request proposal that the DAO approved in the current vote. It’s here: 2026 Ecosystem Grant gRequest (EGG): Executing GOOSE-3 - #13 by lidolabs-operations
At a minimum, some of your questions are addressed there. In particular, it explains how the expectations were set and provides the breakdown you were asking about.

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Snapshot vote ended

Thank you all who participated in GOOSE 2025 cycle: Lido DAO goals for 2026 Snapshot! :folded_hands:
The results are:
Adopt GOOSE-3 proposal: 58.8M LDO
No action: 0 LDO

:white_check_mark: Winning option: Adopt GOOSE-3 proposal

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As Jen said, the spending review in the grant request which is in separate thread.

Another way to break this down:

  • ETH staking line of Lido is in good position to grab a share of markets that are not very well penetrated yet, like exchanges, insti, etc; any of them is pretty expensive to deliver and we’re doing it in multiple directions.

We’re already a market leader, not a scrappy underdog; what would be super success with victory laps run regardless of billions of spending in token incentives in smaller projects will look like +20% growth for Lido.

  • There’s not much growth opportunities left in staking for Lido; 2x share growth would be improbable, 4x mathematically impossible; Lido needs a second direction, like EtherFi went with cards, or Eigen with clouds, or NEAR with intents.

  • I’m not currently seeing a product+team+market fit I’d be comfortable proposing to bet Lido’s future on. My proposal is to run a few product runs, making and killing them quickly and easily, until there’s one, and go big with it. It’s my job to cycle quickly and propose a bigger investment, it’s DAO job to validate and agree/shoot it down.

  • No funds are asked for that at the moment.

7 Likes