SEEDGov Delegate Thread

Delegate Platform
21

Vote #188

Vote: For.

Rationale: Re-run of the #187 that didn’t reach quorum. Rationale stays the same.

Vote #189

Vote: For.

Rationale: Yes as per Snapshot rationale regarding Dual Governance

CSM v2 Final Rollout

Vote: For.

Rationale: As the largest solo staking community, we are gladly supporting this proposal with a ‘for’ vote. More decentralisation, extra safety measures, better performance tracking and a comprehensive framework for all type of Node Operators showcase in this proposal, which also is accompanied of the increase of the CSM stakeshare, the ultimate proof of seeing module growth.

Triggerable Withdrawals Framework in the Lido Protocol

Vote: For.

Rationale: We voted ‘for’ this proposal. The Triggerable Withdrawals Framework is a huge step forward for Lido. The fact that validators can be exited by the DAO directly from Ethereum’s execution layer if they or their Node Operators go rogue or lose their keys makes the protocol more resilient while it increases community control over validator management. Another great point is the split of the GateSeal into separate contracts. Looking forward to seeing it implemented.

Vote #190

Vote: For.

Rationale: Voting for since they correspond to approved Snapshot proposals we’ve supported as well as operational decisions stated in the forum.

22

Nethermind → Twinstake Validator Operations Migration

Vote: For

Rationale: Since Twinstake will meet the high standards that Nethermind held while running their validators, we support the validator operation migration.

23

Vote #191

Vote: For

Rationale: Undoubtedly supporting this proposal given the security considerations regarding Dual Governance and the audits outcomes.

24

Establish the stVaults Committee

Vote: For

Rationale: We voted for this proposal as it proposes a governance mechanism that’s a must for Lido V3. The stVaults Committee seems well-balanced, with expertise from contributors from different areas of the protocol. Their responsibilities are well-defined, and relying on Easy Track makes sense. Lastly, the Committee members seem to be qualified for their role.

NEST - Network Economic Support Tokenomics

Vote: For

Rationale: We voted for this proposal since it brings an interesting LDO buybacks mechanism to replace ad-hoc votes. The modular approach makes sense, and it would give the DAO the flexibility to automate surplus allocation in the future. The proposal asks for concept approval to keep researching and there’s no funding request, so it’s a good idea to give it a go.

Lido V3 — Design & Implementation Proposal

Vote: For

Rationale: We voted for this long-awaited proposal. Lido V3 addresses the trade-off between user choice and shared liquidity that’s been limiting Lido’s growth. Great decision going with the modular approach through stVaults. We agree with the phased rollout with caps starting at 3% TVL. Given that audits are almost done and testnets have been running smoothly, it feels like the right time to move forward with this proposal.

Vote 192

Vote: For

Rationale: We support this omnibus bus in light of our prior support to the related Snapshot votes.

25

Proposal for Updating Lido on Ethereum Validator Exits SNOP to v3

Vote: For

Rationale: We voted for this proposal. Updating the SNOP to be in line with the Pectra upgrade is a must. Also, clarifying the exit procedures for the new staking modules, SDVT and CSM, by standardising the documentation across all SNOPs brings clarity for everyone. We look forward to getting more details about the revised accountability framework, like the new penalties or consequences for non-conformance behaviour, which weren’t explicit in the proposal or the forum discussion. Beyond that minor detail, a solid proposal

Empowering Lido Ecosystem Foundation to Lead Bridge-Related Partnerships

Vote: For

Rationale: We voted for this proposal, as it follows the latest DAO’s trend of prioritising quicker decisions, which makes sense given the pace of development in the crypto ecosystem. As the proposal mentioned, there are some trade-offs. LDO holders must be on point to activate a Snapshot dispute process if they consider that a partnership is not aligned with Lido’s best interest or seems too risky.

That being said, the new structure, with the BORG in charge of negotiations, the NEC providing its technical expertise, and the BSC taking care of the risk oversight, is well established to prevent any problems within the bridge recognition process. Lastly, we also think that the BSC members seem qualified for their role, and the fact that the DAO remains the ultimate authority in the process made us support this proposal.

2 Likes
26

Lido Ecosystem Grants Organisation (LEGO) — Framework Update 1 October 2025

Vote: For

Rationale: We voted for this proposal. According to the data gathered over the last two years, it makes sense to reduce the quarterly budget and remove LDO from the programme to rely solely on stablecoins. We also support the reduction in the personal grants pool and the dissolution of the underused LEGO Nominees programme. Lastly, we have no opposition to replacing Sam with Zuzu-eeka.

Transfer TRP to Lido Labs Foundation and Amend TRP Terms

Vote: For

Rationale: We supported this proposal with our ‘for’ vote. We think that, since Lido Labs has already assumed most service contracts with contributors, this is a logical consolidation move. It also brings better accountability and transparency, since the Foundation has public governance documents approved by the DAO, and the DAO can appoint or remove directors or an emergency supervisor if required. Beyond those reasons, there are no infrastructure changes and no extra LDO is required.

Our only concerns are that, whilst the new vesting periods make sense, the reduction of skill multipliers may demotivate existing contributors, and cancelling all unvested LDO tokens for those who had not yet passed the cliff period might be unfair for recent hirings.

That being said, we still support this proposal overall.

28

Adopt The SEAL Safe Harbour Agreement

Vote: Approve

Rationale: We voted to approve this proposal, since the Safe Harbour Agreement has proven to be pretty effective in recovering funds during active exploits. The 10% bounty term of the recovered amount, capped at $2,000,000, is in line with what we have seen implemented by other DAOs. Coupled with the Immunefi bounty programme, this agreement will improve Lido’s protection measures against exploits.

Lido Alliance BORG – Amendment of Bylaws to Enable GOOSE-3 Execution

Vote: For

Rationale: We voted ‘for’ this proposal. In line with our support for the GOOSE-3 proposal, we agree that the Lido Alliance BORG is the best suited to undertake the execution of Lido’s horizontal expansion. We also agree that this is a better approach than creating new entities to handle the inclusion of new products and businesses to diversify Lido’s revenue sources.

Ecosystem Grant Request (EGG): Executing GOOSE-3

Vote: Approve 2026 EGG

Rationale: We voted for the approval of the 2026 EGG. In line with our support for the GOOSE-3 proposal, the budget seems reasonable to implement the renewed strategy. That being said, growth initiatives show a negative baseline contribution during the first year, requiring a subsidy to cover the expansion. While we expect this won’t remain the case moving forward, it’s something not to neglect. Lastly, the revenue assumptions could be too optimistic, given the competitive environment in which Lido is launching its new products, plus the current macroeconomic uncertainty. Nevertheless, since we agree with the direction proposed through GOOSE-3, we are hopeful that the assumptions are not only met but exceeded.

GOOSE 2025 cycle: Lido DAO goals for 2026

Vote: Adopt GOOSE-3 Proposal

Rationale: We voted for the approval of GOOSE-3. We agree with the proposed direction; it looks like the right time to expand beyond the DAO’s initial mission. Diversifying the revenue streams sounds logical, given the current economic context and forecasts for the next year. Moreover, the dual expansion approach, horizontal and vertical, contemplates both market demand and current users. While stVaults point towards the trend of real-world businesses tokenising their assets, the staked ETH ETF is set to bring more institutional adoption. Looking forward to this strategy.