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.
The snapshot “Reduce Ethereum referral rewards from 0.50% to 0.25%” passed and got quorum
Yes, reduce to 0.25% - 58M LDO - 100%
No, keep at 0.50% - 1.3K - LDO - 0%
when exactly the vote will take in effect?
This will start from period 26, that starts 2022-07-04
got it then the doc should be updated.
I have pushed the updated T&C to the UI team. They said it should be updated tomorrow.