Lido Ecosystem Grants Organization (LEGO) — Framework Update 1 October 2025
I don’t think anyone has ever complained about a DAO committee halving its budget and I’m not about to start here. This is a very positive change to see. The LDO deprecation and stablecoin orientation seems sensible. I would be interested in how we are using the small grants system since it can be approved by one member but I do think this is the most efficient method. At the current stage it might be best to support proposals that are more market oriented wrt LDO.
It would be helpful to know why one council member departs and another is added. These are likely benign but it’s a little opaque from my perspective.
FOR.
Transfer TRP to Lido Labs Foundation and Amend TRP Terms
It is good to see the overallocation of tokens addressed. A consistent subtle issue remains around LDO and its performance. And it is excellent to see clear accountability so that the ‘34.5 million LDO have been committed, exceeding the 22 million LDO originally authorized’ situation does not recur. I do believe option iii as outlined in the original post and now in this form represents the middle ground.
FOR.
Two small Snapshot votes:
Conversion of Treasury Stablecoins into sUSDS or TMMFs
Functional request to implement TMC-6 strategy. Everything looks sensible.
Curated Module Fee Changes
Functional request to adjust the fee structure for Node Operators in the current Curated Module (CM or CMv1). No issues with this.