Referral Program Reform

New snapshot proposal has been made! This vote ends on Friday.

https://snapshot.org/#/lido-snapshot.eth/proposal/0x1d15b308afe4e0585937786ee58c76dea9ef9bab5a0780cc4db0ddb0b7904da6

Also, if you have more to say about this topic please don’t hesitate to post!

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I have started another snapshot vote to lower Ethereum Referral rewards from 0.75% to 0.50% starting in the month of June.

https://snapshot.org/#/lido-snapshot.eth/proposal/0xfc51ff575ded159f2c65733f68e35ac4a2a2c721bbe07f72778752e0a5f5db0b

This is a continuation of Lido’s efforts to gradually reduce rewards to a more sustainable level without drastically cutting rewards for partners that rely on the referral program for revenue.

1 Like

The Snapshot Reduce Ethereum Referral rewards from 0.75% to 0.50% starting in June passed and got the quorum! Thank you for your votes!! :tada:
Results: Yes - 61M LDO - 99.98%
No - 15K LDO - 0.02%

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Platform name : StakeDAO

Background information : Stake DAO is a non-custodial platform built on top of decentralized protocols that enables anyone to easily grow their crypto portfolio, which launched options vault strategies last August for ETH (call/put) and BTC (call) (see more Strategies | Stake DAO )

How you intend to make use of the Lido referral program : StakeDAO will release a new wstETH covered call options vault strategy - allowing anyone to deposit every week their ETH for wstETH into Stake DAO’s covered call option strategy to benefit from smart risk management and best-in-class yields. We will kickstart this referral program by encouraging our 9 272 ETH users deposits to migrate towards the new wstETH covered call option strategy.

Address : StakeDAO Multisig 0xF930EBBd05eF8b25B1797b9b2109DDC9B0d43063

I have started another snapshot vote to lower Ethereum Referral rewards from 0.50% to 0.25% starting in the month of July.

here is the snapshot vote Snapshot

This is a continuation of Lido’s efforts to gradually reduce rewards to a more sustainable level without drastically cutting rewards for partners that rely on the referral program for revenue.

3 Likes

The snapshot “Reduce Ethereum referral rewards from 0.50% to 0.25%” passed and got quorum
Results:
Yes, reduce to 0.25% - 58M LDO - 100%
No, keep at 0.50% - 1.3K - LDO - 0%
https://snapshot.org/#/lido-snapshot.eth/proposal/0x7ea98c84bc30c8b4dc6422e1cb98ca7ee48838fc3f5e2fbcc7b2dfa972fd33a9

6 Likes