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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Should the Lido DAO recognize the wstETH Bridge Endpoints on Linea as canonical?
Vote: Recognize
Rationale: This proposal aligns with the strategic goal of expanding stETH’s utility and presence in L2 and DeFi spaces and aligns with NEW’s guidelines

Should the Lido DAO recognize the wstETH Bridge Endpoints on Mantle as canonical?
Vote: Recognize
Rationale: Recognizing the wstETH Bridge Endpoints on Mantle as canonical by Lido DAO is crucial to leverage the growing demand for wstETH in the L2 space and solidifies its position as a fundamental asset in the Mantle ecosystem. In favour of this.

Should the Lido DAO recognize the wstETH Bridge Endpoints on zkSync Era as canonical?
Vote: Recognize
Rationale: This is a strategic move to bolster Lido’s presence in emerging networks like zkSync and foster broader adoption of wstETH in DeFi applications

Lido Community Staking Module
Vote: Approve
Rationale: This proposal merits funding as it represents a significant step towards decentralization by fostering validator set diversification. The planned audits and community-driven development demonstrate a commitment to increasingly enhanced security and robustness

Decision on InfStones Continued Participation in Curated NO Set
Vote: Resume key submission
Rationale: In favour of resuming key submission for the curated NO set

[EGG] st2024 v1 Lido Contributors Group request for grant funding to advance GOOSE goals
Vote: Provide funding
Rationale: In support of granting funding to the Lido Contributors group to advance GOOSE goals. This proposal outlines goals and KPIs clearly

Vote 168
Vote: Yes
Rationale: In favour of all 19 motions in this vote

Vote 169
Vote: Yes
Rationale: In favour of all 19 motions in this vote

[rerun] Should the Lido DAO recognize the wstETH Bridge Endpoints on zkSync Era as canonical?
Vote: Recognize
Rationale: This is a strategic move to bolster Lido’s presence in emerging networks like zkSync and foster broader adoption of wstETH in DeFi applications

[rerun] Should the Lido DAO recognize the wstETH Bridge Endpoints on Mantle as canonical?
Vote: Recognize
Rationale: Recognizing the wstETH Bridge Endpoints on Mantle as canonical by Lido DAO is crucial to leverage the growing demand for wstETH in the L2 space and solidifies its position as a fundamental asset in the Mantle ecosystem. In favour of this.

[rerun] Should the Lido DAO recognize the wstETH Bridge Endpoints on Linea as canonical?
Vote: Recognize
Rationale: This proposal aligns with the strategic goal of expanding stETH’s utility and presence in L2 and DeFi spaces and aligns with NEW’s guidelines

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Vote 170
Vote: Yes
Rationale: In support of all six motions in this onchain vote

TempCheck: choosing a team to develop wstETH bridge on BNB
Vote: Wormhole & Axelar Multibridge
Rationale: The Wormhole and Axelar Multibridge is a highly compelling option as it provides a streamlined and unified solution by combining the expertise and technology of Wormhole and Axelar, two established teams, alongside LidoDAO. We also appreciate the alignment with LidoDAO’s governance ideals, which include contract ownership transfer and cross-chain governance implementation. Excited to continue discussions around this solution.

Vote 171
Vote: Yes
Rationale: In support of all six motions in this onchain vote - rerun

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Vote 172
Vote: Yes
Rationale: In favour of releasing the Simple DVT module on mainnet

Should the Lido DAO recognize the wstETH Bridge Endpoints on Scroll as canonical?
Vote: Recognize
Rationale: In support of the recognition of the wsETH bridge endpoints on Scroll as canonical

InfStones Return to Active Status Proposal
Vote: For
Rationale: In support of InfStones returning to active status

Rewards-Share Program 2024
Vote: Adopt new proposed program
Rationale: In support of these changes proposed to the rewards share program as it stands to inspire increased institutional adoption of stETH leading to improved performance overall

Simple On-chain Delegation
Vote: Support
Rationale: In support of the implementation of simple delegation as this will provide a temporary solution for multiple failed on and off-chain votes due to missed quorum. We look forward to increased participation in Lido governance as a result of this and hope to see a more robust delegation system implemented in Lido’s governance module.

Vote #173
Vote: Yes
Rationale: In support of the changes to enhance treasury management operations as proposed by the TMC

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Activate Lido Protocol Governance with Revenue Share Staking
Vote: No - do not add revenue share
Rationale: We are against this proposal as it is extremely premature, and fee share at this stage is short-sighted. This proposal does not follow due process of governance. It will be better to revisit this after the implementation of dual governance and a viable ecosystem forms around the staking router

Renew GateSeal for the Withdrawal Queue and Validator Exit Bus Oracle
Vote: For
Rationale: In support of this proposal to prolong the functioning of the GateSeal mechanics for the next year with same parameters

Dual Governance: design and path towards implementation
Vote: Approve
Rationale: In support of shipping dual governance to better align key stakeholders in the Lido on Ethereum protocol, thus creating a more secure and resilient protocol and a more balanced governance dynamic within LidoDAO

Vote #174
Vote: Yes
Rationale: Voting to approve the change of the current GateSeal for the WithdrawalQueue and ValidatorExitBusOracle contracts which expires soon

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