Midnight Airdrop for ETH stakers

Proposals
1

I would like to propose for DAO to get together and claim midnight token and distributed to eligible ETH stakers at the time of snapshot.

4

I’d suggst you provide enough and clear information and context first.

3 Likes
5

[Proposal] Midnight Token Airdrop – Claim & Distribution to Lido ETH Stakers

Author: Azeem_Ashiq
Date: (11/08/2025)

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Summary

This proposal seeks community approval for Lido DAO to claim any Midnight token airdrop allocations available to Lido’s ETH staking addresses and distribute them proportionally to eligible ETH stakers who held stake at the time of the official snapshot.

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Background
• Midnight is a privacy-focused sidechain and protocol under development by Input Output Global (IOG), the creators of Cardano.
• As part of its launch incentives, Midnight announced an airdrop of its native token to various blockchain participants, potentially including Ethereum validators and stakers.
• According to publicly available information, the Midnight snapshot date took place around 11 June 2025 (exact date and block number to be confirmed).
• Lido Finance, as one of the largest ETH staking platforms, may have ETH staking addresses eligible to claim Midnight tokens on behalf of users.
• Without DAO action, these tokens may go unclaimed, resulting in lost potential value for stakers.

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Motivation

This proposal is motivated by the goal of ensuring:

  1. Value Maximization – ETH stakers receive the benefits of cross-chain incentive programs they are entitled to.
  2. Operational Efficiency – The DAO handles the claiming process collectively, removing the burden from individual stakers.
  3. Fairness & Transparency – Tokens are distributed proportionally to eligible participants, with a public record of all allocations.
  4. Cross-Chain Engagement – Strengthening Lido’s role as a bridge between ecosystems.

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Proposal Details

  1. Eligibility Verification
    • Governance and research teams to confirm Lido’s eligibility with the Midnight airdrop team.
    • Identify ETH staking addresses under Lido’s control that were active during the snapshot.

  2. Claim Process
    • If eligible, Lido DAO to execute the claim process for all eligible addresses.
    • Any necessary wallet, bridge, or technical setup will be coordinated by the DAO’s technical contributors.

  3. Distribution Plan
    • Distribute claimed tokens proportionally to ETH stakers based on their stake at the time of the snapshot.
    • Include stakers who have since withdrawn but were active at the snapshot date.
    • Any unclaimed tokens after a reasonable claim window will revert to the Lido DAO treasury.

  4. Transparency
    • Publish a public report detailing:
    • Total tokens claimed
    • Distribution formula
    • Timeline and completion date

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Proposed Timeline

Week
Action
1–2
Confirm eligibility & snapshot details with Midnight team
3
Submit proposal for DAO vote
4–6
Execute claim, process distribution, and publish transparency report

Governance Considerations
• Requires DAO approval for cross-chain token claiming and redistribution.
• Minimal operational overhead beyond verification and distribution.

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Next Steps

  1. Gather feedback from the community on this draft.
  2. Confirm snapshot details with the Midnight project.
  3. Prepare final version for on-chain vote.

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Discussion Questions for the Community:
• Should Lido DAO proceed with claiming Midnight tokens if eligible?
• How should unclaimed tokens be handled after distribution?
• Are there any legal or technical risks we should address before proceeding?

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If there is community consensus, this proposal will proceed to a formal on-chain vote.

2 Likes