We’ve been following this thread and wanted to offer some clarity from Starknet’s side.
I lead Growth at the Starknet Foundation and have been directly involved in our coordination with members of the Lido Network Expansion Committee (NEC) over the past few months.
Given the level of collaboration throughout, the NEC’s decision to not support the Snapshot vote and the reasoning provided was unexpected.
Over the last few months, our team has worked closely with NEC members and representatives from LidoDAO. We:
- agreed on a migration threshold before proposing re-endorsement (80% was the number shared);
- reviewed and aligned on the proposal’s structure and language; and
- coordinated on timing for both the forum post and the Snapshot submission.
Communications were collaborative, and no concerns were raised regarding the migration process, communication timeline or alignment with LidoDAO.
This was even the case during the two week period where the proposal was live on the forum prior to the Snapshot.
On the token migration:
The migration was successful. There are now over 5,000 wstETH tokens on Starknet — up from fewer than 900 prior to the process. More than 4,400 of those tokens sit in the new contract, meaning over 95% of wstETH on Starknet has already been migrated.
*You can see the legacy wstETH token contract here and the new wstETH token contract here.
On the incident response and communication timeline:
No user funds were ever at risk – which was our top priority from the start. Both teams agreed that the priority should be to protect and support end users.
The response timeline was developed collaboratively with the NEC and later accelerated at their request.
Over the course of one month, our team:
- published a technical retrospective;
- implemented and audited a fix;
- shipped a migration UI;
- coordinated with ecosystem teams; and
- deployed an incentive program.
*You can follow the timeline of events and post mortem in the original forum post.
Throughout this period, we kept our points of contact at the NEC and LidoDAO updated, acquired LDO to submit the proposal, and coordinated closely up to submission.
Of course, we respect the NEC’s role in recommending actions for delegates and the DAO’s right to vote as it chooses. However, it can be challenging when a working group collaborates closely for months and then steps back at the voting stage, particularly if concerns weren’t communicated earlier.
We’ve reached out privately to the Lido team to better understand how this unfolded and whether a constructive path forward still exists.
Whatever happens in the vote, we will continue to support wstETH on Starknet. Adoption has been strong and we’re confident in the network’s growth ahead.