Appreciating the effort on this proposal, I recommend slowing down the move to Snapshot voting. The first step of the Lido DAO Governance process is a consensus on forum.
This proposal to shift from LDO buybacks to direct $ETH distribution hasn’t addressed concerns from @Hasu (Activate Lido Protocol Governance with Revenue Share Staking - #2 by Hasu) and @steakhouse (Activate Lido Protocol Governance with Revenue Share Staking - #3 by steakhouse). Feedback during the Snapshot vote also indicated concerns about the proposal’s long-term safety and soundness. Simply put, this pivot does not fully address the uncertainties brought up in the preceding discussions.