Change Easy Track limits for PML & ATC (Snapshot)
Summary:
The proposal seeks to modify Easy Track restrictions for Lido Contributors Group multisig addresses, adjusting quarterly limits for Pool Maintenance Labs and Argo Technology Consulting. These changes support the Continuity Grant Funding initiative and address shifts in actual spending, though actual funding still requires separate DAO approval through Snapshot voting.
Vote: Support the change
Rationale:
We support the proposal since it aims to adapt to the actual budget consumption without overhauling the budget entirely. That said, while it’s acceptable to have some buffer in the budget, there may be value in properly defining reasonable limits for what can be approved through Easy Track. At present, the flexibility appears quite generous, perhaps even excessively so.
Lido Community Staking Module Mainnet Release Setup (Snapshot)
Summary:
The proposal seeks approval to launch the Community Staking Module (CSM) on the Ethereum mainnet, including endorsement of its implementation, parameters, and delegation of management responsibilities.
Vote: Approve CSM mainnet release
Rationale:
We support this proposal as it represents a key initiative for Lido DAO, and there have been no significant issues preventing its deployment to the mainnet. Additionally, the proposed parameters ensure high security and offer a competitive user experience, including a low bond requirement and reduced gas costs.
Increase the Proposal Threshold for Snapshot (Snapshot)
Summary:
This proposal aims to increase the Snapshot proposal threshold for Lido DAO from 1,000 LDO to between 5,000 and 15,000 LDO. The goal is to reduce spam and encourage higher-quality proposals.
Vote: Do Nothing
Rationale:
We are against this proposal as the current services provided by Snapshot handle spam at a reasonable cost while providing other essential functions. Increasing the threshold would suppress minority voices in governance and place additional strain on the DAO Operations Workstream. The predictable savings are not worth compromising inclusive participation and overburdening our operations team.
Vote #179 (Onchain)
Summary:
This is the omnibus vote of the two proposals below. We voted for both of the proposals in the Snapshot Votes, in which they are approved.
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stETH on L2
This proposal aims to make stETH available on L2 networks alongside existing wstETH deployments. By leveraging current bridges and wrapping wstETH on L2, we can enable stETH usage on L2s. The goal is to maintain stETH’s L1 utility on L2s, ensuring a consistent user experience across networks. -
Organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG
This proposal suggests setting up an Easy Track to fund Lido Alliance Operational Multisig. In its Snapshot vote, it is already approved to create a legal entity called BORG (Blockchain Operated Regulated Governance) to support Lido Alliance operations.
Vote: Yes
Rationale:
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stETH on L2
We support this proposal as it enhances the accessibility of stETH across L2 networks, leveraging existing wstETH infrastructure. This expansion will provide users with a consistent experience across both L1 and L2. -
Organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG
We support setting up an Easy Track for the Lido Alliance Operational Multisig to simplify operations. The approved BORG entity provides a legal framework for agreements without exposing Lido DAO to legal risks. This structure keeps Lido DAO decentralized while supporting the Alliance’s needs, with its Easy Track improving fund management.