To support the process of continued decentralization towards a permissionless, contributor-driven DAO, Lido DAO has to carry on significant amount of operations. In order to separate operational concerns from strategic decisions, Lido DAO leverages EasyTrack Motions. With the current addition of payment Motions with limits (LIP-19), most of ops can be performed in a safer manner, limiting the total amount of funds the given committee can request through the EasyTrack in specific timeframe. While keeping the payments flow under pre-approved budget is committee’s responsibility, on-chain limits provide another safety measure.
Current operational structure for EasyTrack is:
RCC DAI single-recipient payment processor with limit of 3m DAI/quarter
PML DAI single-recipient payment processor with limit of 6m DAI / quarter
ATC DAI single-recipient payment processor with limit of 1.5m DAI / quarter
Gas funding ETH single-recipient payment processor with limit of 400 ETH / quarter
LEGO motions factory are to be switched off the EasyTrack immediately, and reWARDS ones are to be switched off the EasyTrack one vote after so not to disrupt the operations. Referral program would be changing the terms soon, and to be set up properly once those are settled. Node Operators staking limits factory doesn’t require any changes under the current proposal.
This proposal, if passed and executed, would bring the EasyTrack structure to:
Note that the gas funder multisig would be getting significant higher rights (it’s own EasyTrack motion factory, yay!), so some brush-up would be required. We’ll be looking to take it to 3/5 setup, with the list of signers published by the process in the coming days (before the snapshot 100%)
Aragon vote intended to switching off EVM Script factories (AddRewardProgram, RemoveRewardProgram, TopUpRewardPrograms) is in flight and waiting for your votes.
The main phase ends on Feb 2, ~2PM UTC
Please, cast your votes! https://vote.lido.fi/vote/151
For this purpose, a setup of contracts will be deployed for further connection to Easy Tack.
Parameters for new contracts are posted here: Easy Track setup for reWARDS in stETH
In order to achieve the goals set by the Continuity Grunt Funding initiative ([EGG] st2024 v2: Continuity Grant Funding to Achieve GOOSE Goals), and due to the redistribution of cash flows, contributors of DAO Operations Workstream propose to update Easy Track limits:
PML: to decrease from 6m per quarter to 4m USDC/USDT/DAI per quarter ATC: to increase from 1,5m per quarter to 7m USDC/USDT/DAI per quarter
Updated amounts are based on results of actual cash flow analysis.
If there are no objections, these actions will be included in the upcoming onchain vote.
Supportive of this motion, considering the ongoing underspend that we are highlighting in the EGG st2024 v2 request thread. We will publish an forecasted grant disbursement for the full budget period as soon as we collect data from all grantees
Thank you all who participated in Change Easy Track limits for PML & ATC Snapshot, we reached a quorum!
The results are: Support the change: 63.5M LDO No action: 86 LDO
We’re thrilled to announce that voting has officially begun for Vote #181, bringing forward critical updates to operational parameters and treasury management.
The vote is open until the end of the main phase: Nov 28, 15:20 UTC.
Make sure your voice is heard by reviewing the proposals and casting your vote!
Vote #181 includes a proposal to change Easy Track limits for PML and ATC following the Snapshot decision (items 1 & 2): reduce the PML limit from 6M to 4M, and increase the ATC limit from 1.5M to 7M in USDC/USDT/DAI per quarter to reflect operational changes.
How to Participate Review vote items and follow this guide for instructions on verifying them. Cast your vote “For” or “Against” before the deadline.
Let’s collaborate to shape the future of Lido and decentralization! Your voice matters.
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