Referral Program Reform

25

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
26

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
27

when exactly the vote will take in effect?

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This will start from period 26, that starts 2022-07-04

1 Like
29

got it then the doc should be updated.

30

I have pushed the updated T&C to the UI team. They said it should be updated tomorrow.

2 Likes