# Lido Tokenholder Update Call — November 11 **URL:** \ **Category:** General\ **Created:** [August 8, 2025, 3:14pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505 "2025-08-08T15:14:26Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![Jenya\_K](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/jenya_k/32/2672_2.png) [@Jenya\_K](https://research.lido.fi/u/Jenya_K)\ **Post date:** [August 8, 2025, 3:14pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/1 "2025-08-08T15:14:26Z")
The first Tokenholder Update Call will take place on **August 14 at 2 PM UTC**. **How to join?** No registration needed — watch the livestream: [youtube.com/live/31b7WG\_vNdw](https://www.youtube.com/live/31b7WG_vNdw) Optional: [Add it to your calendar via Lu.ma](https://lu.ma/5pavcvdj) **Want to ask a question?** You can: 1. Post it publicly in this thread 2. Submit anonymously [via the form](https://enchanted-direction-844.notion.site/249bf633d0c980838749e925a090c87b?pvs=105) ---
**Author:** ![Kuzmich](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/kuzmich/32/6020_2.png) [@Kuzmich](https://research.lido.fi/u/Kuzmich)\ **Post date:** [August 13, 2025, 3:27pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/2 "2025-08-13T15:27:01Z")
Will this meeting be recorded? ---
**Author:** ![Jenya\_K](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/jenya_k/32/2672_2.png) [@Jenya\_K](https://research.lido.fi/u/Jenya_K)\ **Post date:** [August 13, 2025, 5:14pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/3 "2025-08-13T17:14:33Z")
Yes, it will be recorded. ---
**Author:** ![Scripto\_Crypto](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/scripto_crypto/32/6185_2.png) [@Scripto\_Crypto](https://research.lido.fi/u/Scripto_Crypto)\ **Post date:** [August 14, 2025, 1:04am UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/4 "2025-08-14T01:04:00Z")
I would like to ask about Lido being one of a main providers chosen for ETF eth staking, wanted to find out what will be a competition between centralized providers in fees who issue this ETF’s in future? And will they be interested in all to use liquid staking? I mean generally for steth vaults, would it be even possible to interact with ETF staking liquidity. Thank you! Great team, great product. Its an honour to read your DAO, my first DAO reading ever that got me interested to go deeper. ---
**Author:** ![bapaka](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/bapaka/32/5736_2.png) [@bapaka](https://research.lido.fi/u/bapaka)\ **Post date:** [August 15, 2025, 4:06pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/5 "2025-08-15T16:06:26Z")
### Tokenholder Update Call The Lido Tokenholder Call has wrapped up! The session provided updates on Lido’s current status, Lido Labs’ new leadership structure and business approach, key growth priorities, and buyback proposals. If you were not able to join live, [you can watch the full recording](https://www.youtube.com/live/31b7WG_vNdw). **Links and related materials mentioned in the call:** - Lido Financial Reporting dashboard: [https://dune.com/steakhouse/lido-safu](https://dune.com/steakhouse/lido-safu) - Lido Performance dashboard: [https://dune.com/LidoAnalytical/Lido-Finance-Extended](https://dune.com/LidoAnalytical/Lido-Finance-Extended) - Lido v3 testnet: [https://v3.lido.fi/testnet](https://v3.lido.fi/testnet) - Delegation: [https://blog.lido.fi/delegation-enhancing-governance/](https://blog.lido.fi/delegation-enhancing-governance/) - Linea and Lido V3: [https://blog.lido.fi/linea-lido-bringing-native-yield-to-l2s/](https://blog.lido.fi/linea-lido-bringing-native-yield-to-l2s/) - Lido’s Kean Gilbert on Liquid Staking, ETFs, and Ethereum’s Future: [https://youtu.be/imB2Z-Desyo](https://youtu.be/imB2Z-Desyo?feature=shared) ---
**Author:** ![cp0x](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/cp0x/32/4886_2.png) [@cp0x](https://research.lido.fi/u/cp0x)\ **Post date:** [August 15, 2025, 6:59pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/6 "2025-08-15T18:59:41Z")
Hi, I have a few questions on topics that were touched upon in this call. I was particularly interested in the issues related to regulatory matters: 1. Regarding the potential to benefit from ETH ETF inflows, it was noted that tax treatment for LSTs is still unclear. Could you clarify whether work on this is actually underway (in Europe and the US), or if staking will simply remain outside of the tax scope, making it impossible for Lido to attract institutional funds? 2. On the topic of buybacks, it was also mentioned that the regulatory question about their feasibility will be resolved in the coming weeks. Could you explain which laws or acts are being referred to, and why many other large companies that already conduct buybacks do not see such risks? 3. How do all these risks affect Lido, given that the entities recently established by Lido to operate the DAO are registered in the Cayman Islands and therefore not subject to EU or US jurisdiction? ---
**Author:** ![lidolabs-operations](https://avatars.discourse-cdn.com/v4/letter/l/7cd45c/32.png) [@lidolabs-operations](https://research.lido.fi/u/lidolabs-operations)\ **Post date:** [August 22, 2025, 12:03pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/7 "2025-08-22T12:03:50Z")
Thank you for such a good questions! > [@cp0x](#): > > Regarding the potential to benefit from ETH ETF inflows, it was noted that tax treatment for LSTs is still unclear. Could you clarify whether work on this is actually underway (in Europe and the US), or if staking will simply remain outside of the tax scope, making it impossible for Lido to attract institutional funds? In the U.S., there is currently a lack of clarity on the taxation of staking and liquid staking. Just as the SEC is starting to provide guidance on the securities law issue with staking and liquid staking, we are optimistic that Congress and the U.S. Department of Treasury will do the same on taxation. The U.S. President’s Working Group on Digital Asset Markets recommended in their report that the Treasury department should publish guidance on this topic. Given the President’s favorable approach to the crypto industry, we are optimistic that future guidance or legislation will likely be coming and positive to the industry. > [@cp0x](#): > > On the topic of buybacks, it was also mentioned that the regulatory question about their feasibility will be resolved in the coming weeks. Could you explain which laws or acts are being referred to, and why many other large companies that already conduct buybacks do not see such risks? There is currently a market structure bill being worked on in the U.S. Congress. The Clarity Act passed the House of Representatives and the Senate is working on its own version. We are optimistic that later this fall, the Senate will pass its version of the market structure bill and eventually, a single bill will be approved by both chambers of Congress. Congress has already passed the stablecoin bill called the GENIUS Act. Although the market structure bill is unlikely to directly address buybacks, it will likely address the nature of a token (i.e., whether it is a security or commodity), create a framework for decentralization that will exempt companies from certain security law requirements, and provide additional positive laws for the crypto industry. Under this more favorable environment, we intend to submit our proposal to the DAO for approval, and if approved, will be executed on-chain that will be transparent to everyone and controlled by the DAO. In terms of risk, we cannot speak for other companies as they have their own unique circumstances in their assessment. We want to take a more measured approach as compliance is an important principle for us. > [@cp0x](#): > > How do all these risks affect Lido, given that the entities recently established by Lido to operate the DAO are registered in the Cayman Islands and therefore not subject to EU or US jurisdiction? Although the foundations are incorporated in the Cayman Islands, whether the U.S. or EU has jurisdiction is not dependent on place of incorporation. Doing business with companies or individuals in the U.S. or EU will be enough in most circumstances for the applicable court to conclude that jurisdiction applies. ---
**Author:** ![bapaka](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/bapaka/32/5736_2.png) [@bapaka](https://research.lido.fi/u/bapaka)\ **Post date:** [November 3, 2025, 12:50pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/8 "2025-11-03T12:50:12Z")
The next **Tokenholder Update Call** will take place **on November 11 at 2 PM UTC.** Join Lido Labs leadership for recent protocol performance and a forward look at next year’s planning, goals, and initiatives. [Add event to your calendar via Luma](https://luma.com/s3t2xoy7) and join the livestream on [Youtube](https://www.youtube.com/live/cZNmLa-Lc7A)/ [X Twitter](https://x.com/LidoFinance/status/1984181878018961884)/ [LinkedIn](https://www.linkedin.com/events/7389956075740958721/). Looking forward to seeing you there! **For questions:** Submit them [via this form](https://enchanted-direction-844.notion.site/29abf633d0c9818b9ca8fdbddd71ecf8) or post in the thread. ---
**Author:** ![bapaka](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/bapaka/32/5736_2.png) [@bapaka](https://research.lido.fi/u/bapaka)\ **Post date:** [February 12, 2026, 1:35pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/9 "2026-02-12T13:35:56Z")
gm! the next Tokenholder Update call is scheduled for **February 26, 2 PM UTC,** as [announced in this thread](https://research.lido.fi/t/lido-tokenholder-update-call-february-26/11207). See you in two weeks! ---
**Author:** ![bapaka](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/bapaka/32/5736_2.png) [@bapaka](https://research.lido.fi/u/bapaka)\ **Post date:** [August 19, 2026, 1:50pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505/10 "2026-08-19T13:50:15Z")
Happy to invite you to the next **Tokenholder Update Call** , scheduled **for August 27, 2 PM UTC** [Add it to your calendar](https://luma.com/l1a1gihi) 🗓 or [join the stream on YouTube](https://www.youtube.com/live/0wqpA1o6IXo) Questions are welcome [via this form](https://enchanted-direction-844.notion.site/e09bf633d0c9827bba6601cb9ed6eb55) See you next week! **Previous Tokenholder Updates:** - May 2026: [video](https://www.youtube.com/live/rM1NYuzQq50) | [recap](https://blog.lido.fi/lido-poolside-recap-tokenholder-update-may-2026/) - February 2026: [video](https://www.youtube.com/live/eU7Em75Ph24) | [recap](https://blog.lido.fi/recap-lido-tokenholder-update-february-2026/) - November 2025: [video](https://www.youtube.com/live/cZNmLa-Lc7A) | [recap](https://blog.lido.fi/lido-poolside-recap-tokenholder-update-november-2025/) - August 2025: [video](https://www.youtube.com/live/31b7WG_vNdw?si=Ky0zv2jNhYlepy4x) | [recap](https://blog.lido.fi/recap-lido-q3-2025-tokenholder-update/)