Happy to be able to contribute with the decision rationales of my first 3 snapshot proposals:
1. Increase the Proposal Threshold for Snapshot
Vote: Do Nothing
Rationale:
Increasing the vote to 5k, 10k or 15k LDO would be a naive and ineffective way to treat the spam proposals problem.
Analysing the spammers addresses reveals that they are well funded and could acquire LDO exclusively to post a proposal and sell them after at very little economic risk and cost.
Moreover, there seems to be an existing agreement with Snapshot to tackle such issues.
Full post in the proposal discussion thread:
2. Change Easy Track limits for PML & ATC
Vote: Support the Change
Rationale:
This proposal concerns reflecting the expenses of the IRL organisations that support Lido as Core Contributors, PML (Pool Maintenance Labs Ltd.) and ATC (Argo Technology Consulting Ltd).
While by no means the budgeting and expenditure is perfect, it never is in any organisation tackling complex challenges, and we have much less transparency and oversight in traditional companies.
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
The transparency provided by @steakhouse and the finance team, the public list of multisigs and signers and the results since the creation of this mechanism in 2022 offer no contentious vote to approve the proposal.
3. Lido Community Staking Module Mainnet Release Setup
Vote: Approve CSM mainnet release
Rationale:
Finally! I am so excited for this one! I have been in touch with the team developing the CSM for a long time and I have exchanged impressions.
This is a great step in the direction of the Lido Vibes (Mission, Vision and Purpose).
Specifically, the Purpose is defined as: “Keep Ethereum decentralized, accessible to all, and resistant to censorship”.
Node Operators are a key component of such decentralization, and Home Operators bring a layer of resilience that professional operators cannot bring. CSM is an extremely worthy endeavour that has deep considerations to attractiveness to Home Stakers and security for Lido depositors.
It is worth mentioning that is the first proposal to take action on Hasu’s GOOSE submission, specifically the sub goal of permissionless entry of Goal 2:
Disclosures:
- Dappnode, has gotten a grant to maximize the reach and the ease of use of the module among Home Operators.
- I believe in CSM and am committed to its operations too, by virtue of being a part of the CSM Committee
- We sell a Lido-branded Dappnode machine with the goal to bring a plug-and-play solution for non-technical users to be able to run CSM and decentralize Lido’s Node Operator Set.