StableLab Delegate Thread - Updated

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CONTACT

ABOUT

StableLab is a governance firm focused on professional delegation, DAO framework design, and product development. We work with various projects, from the ones just starting their journey to decentralization to the most prominent DeFi protocols.

Our systematic framework for DAOs covers governance methodologies, decentralized workforce, implementation, documentation, communication, and community engagement. There is no one-size-fits-all approach, but we provide a framework of principles and tools we have developed throughout our experience.

We scale DAOs sustainably.

EXPERIENCE

We are the leading professional delegate team with a track record across major DeFi protocols, including MakerDAO, Optimism, Aave, 1inch, Balancer, Element, InstaDapp, Hop, and more.

We pioneer delegation work through high governance standards, extensive research, hands-on expertise, and the consistent use of a code of conduct. Pushing forward web3 and DeFi since 2018, StableLab’s co-founders previously spent 3.5 years at the Maker Foundation.

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Governance delegates and roles currently (or previously held by StableLab).

View all our proposals, votes, and milestones at stablelab.xyz /governance

VALUES & CONDUCT

A. VALUES - A.R.T.

  1. Active: We participate in every aspect of the governance process, from creating and presenting proposals to providing feedback in the forums and actively voting.
  2. Research: Our decisions are backed by a team of experienced researchers and PhDs.
  3. Trust: We act unbiased and transparent, according to our code of conduct - driven by a strong set of ethics and values.

B. DELEGATE CONDUCT

  • Use values to guide actions.
  • Maintain impartiality and transparency in participation.
  • Rely on data, research and prior expertise for proposals and votes.
  • Apply battle-tested internal policies for consistency.
  • Consult with the team for quality outcomes.

WHY LIDO

Lido has consistently demonstrated its commitment to offering innovative liquid staking solutions that prioritize accessibility and security for users worldwide. Recognizing that the minimum 32 ETH threshold for solo staking and concerns about centralized entities present significant barriers for many, Lido has taken significant strides to address these issues on a large scale. It is our conviction that, as professional delegates at Lido DAO, we can contribute meaningfully to the realization of liquid staking derivatives for a global audience.

One of the most striking aspects of Lido is its steadfast commitment to decentralization, as evidenced by a robust governance process and comprehensive documentation. Leveraging our extensive expertise and experience in the realm of governance, we aim to further fortify Lido’s DAO by drafting proposals designed to introduce solid frameworks that promote sustainable growth. Our active involvement as delegates will facilitate Lido’s continued expansion while adhering to the principles of decentralization and community-driven decision-making.

DISCLOSURE

Through our holding company, we have invested in multiple projects to advance growth and governance for them. See the full list here.

We contribute to various protocols’ governance, such as MakerDAO, Optimism, Aave, 1inch, Balancer, and Element. See the full list here.

When applicable, we will disclose potential conflicts of interest in our rationale.

WAIVER OF LIABILITY

By delegating to StableLab, you acknowledge and agree that StableLab participates on a best-efforts basis and StableLab will not be liable for any form of damages related to StableLab’s participation in governance.

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View StableLab’s voting history in LidoDAO here

Future votes will be recorded in this updated thread.

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Proposal: Tiered Rewards Share Program: A Sustainable Approach to stETH Growth
Vote: For
Rationale: We vote For this proposal as it effectively incentivizes increased staking on Lido by rewarding contributors with a tier-based system that supports the growth of the protocol. Additionally, the robust monitoring mechanisms and flexibility for the DAO to modify conditions ensures sustainability & adaptivity.

Proposal: Align Lido’s Vibe (Purpose, Mission, Vision)
Vote: For
Rationale: We support this proposal as it it provides a well-articulated purpose, vision, and mission, which are essential for aligning stakeholders and guiding Lido’s future growth.

Proposal: LEGO grant to Launchnodes for Lido Impact Staking initiative
Vote: For
Rationale: Supporting this proposal can broaden Lido’s engagement with new contributors, promote knowledge exchange, and pioneer a model where staking benefits can align with real-world impact.

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Proposal: Vote #160
Vote: Yes
Rationale: In support of all 29 motions in this proposal

Proposal: Vote #161: Stake all Treasury ETH in Lido.
Vote: Yes
Rationale: We support the staking of treasury ETH in Lido

Proposal: Should the Lido DAO add the 2 shortlisted Ethereum operators to the Lido on Ethereum operator set?
Vote: For
Rationale: In favour of onboarding these new node operators who have demonstrated capacity to improve the decentralization and resiliency of the Lido protocol

Proposal: April Slashing Incident: Key Limit Follow-up
Vote: Lift KL after Wave 5 catches up
Rationale: The key limit on node operators was a useful precautionary measure in response to the slashing incident and we support the release of the Node Operator from the current limit when new Node Operators from Wave 5 will reach the level of 5 800 keys.

Proposal: Vote #162
Vote: Yes
Rationale: In support of all 9 motions in this vote

Proposal: Vote #163
Vote: Yes
Rationale: In support of this vote to set the maximum number of validators to stake for the node operator #5 to 11000

Proposal: Emergency Brakes signer rotation
Vote: For
Rationale: We support the rotation of one of the Emergency Brakes multisigs signers due to their departure from the multisig

Proposal: The Guided Open Objective Setting Exercise (“GOOSE”) proposal
Vote: Adopt the GOOSE process
Rationale: In support of this proposal as it sets forth a robust framework for an open goal-setting exercise in LidoDAO as it poses a multitude of benefits to the DAO’s decision-making process

Proposal: Should the Lido DAO add the 7 shortlisted Ethereum operators to the Lido on Ethereum operator set?
Vote: For
Rationale: We support the onboarding of these new node operators to the Lido on Ethereum Node Operator Set to enhance the decentralization and resilience of the Lido protocol

Proposal: Vote #164
Vote: Yes
Rationale: We support this proposal to fulfill Jump Crypto’s voluntary exit from the validator set

Proposal: Emergency Brakes signer rotation
Vote:
Rationale: We support the rotation of one of the Emergency Brakes multisig signers due to their departure

Proposal: The Guided Open Objective Setting Exercise (“GOOSE”) proposal [rerun]
Vote: Adopte GOOSE process
Rationale: In support of this proposal as it sets forth a robust framework for an open goal-setting exercise in LidoDAO as it poses a multitude of benefits to the DAO’s decision-making process

Proposal: Lido on Solana: next steps
Vote: Sunset
Rationale: Given the lack of economic effectiveness of Lido on Solana protocol and broader market conditions, we support the decision to sunset

Proposal: Vote #165
Vote: Yes
Rationale: In support of all three motions in this vote to onboard seven new Node Operators to the lido on Ethereum set, support Jump Crypto’s voluntary exit from the Node Operator Set, and sunset the stETH <> bETH Anchor

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Staking Router Module Proposal: Simple DVT
Vote: 1a and 2a
Rationale: In support of deploying the Siimple DVT on Obol and SSV networks as this is a great way to diversify the Lido Node Operator set, and using the 6,240 stETH currently in the cover fund vault contract as insurance to mitigate the risk to Lido stakers.

Should the Lido DAO accept ownership of wstETH Bridge Components on Base?
Vote: Accept the ownership
Rationale: Accepting ownership of the wstETH bridging on Base is a strategic move for LidoDAO, aligning with Base’s demonstrated dominance in the L2 space and the growing demand for wstETH in DeFi protocols

Vote 166
Vote: Yes
Rationale: In support of the stETH transfer to the Lido Contributors Group multisigs (RCC, PML, and ATC),
and changing the Node Operator’s (#id - 27) name

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Should the Lido DAO accept ownership of wstETH Bridge Components on zkSync Era?
Vote: Accept the ownership
Rationale: Supporting this proposal to assume ownership of the wstETH bridge components on zkSync Era is crucial for advancing Lido’s growth on L2 platforms, leveraging zkSync’s standing as a leading and fast-growing network.

Vote #167
Vote: Yes
Rationale: In support of the motions in this vote, which is a rerun of Vote #166

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:+1: great job. And please let Nneoma know if there are any questions or concerns

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​Hello, LidoDAO community, we’d like to inform you that we’ve moved our delegate wallet for increased security to a multisig. As such, we kindly request that you redelegate LDO to this new address at stablelab.eth.

The following is our new delegate wallet: 0xecc2a9240268bc7a26386ecb49e1befca2706ac9

Thank you!

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