LEGO: Proposal to replace Tim Beiko with Eric Siu and update council members rotation rules (Snapshot)
Summary:
This proposal replaces Tim Beiko with Eric Siu on the LEGO Council because Tim can no longer commit sufficient time to council activities. It also seeks to streamline future member rotations by allowing changes without an additional Snapshot vote under certain conditions.
Vote: For
Rationale:
We agree with the proposal to replace Tim Beiko with Eric Siu and to allow the council to make such personnel changes without requiring DAO approval, as long as the process is transparent.
We believe it is important for the DAO to retain the authority to exercise personnel rights over the council. The introduction of a notice period is meaningful and helps ensure proper transitions. As noted by @Alex_L, this notice period is expected to be properly implemented.
However, one concern is that this was not explicitly stated in the Snapshot proposal. We hope that future proposals will clearly specify such details to maintain transparency and clarity.
Should Solstice continue in the Curated set following the acquisition of Bridgetower? (Snapshot)
Summary:
This proposes preserving Solstice’s role in Lido on Ethereum’s Curated set following Bridgetower’s acquisition, because the same team continues to manage validators on the same Swiss infrastructure.
Vote: For
Rationale:
We see no reason for concern regarding this transition, given that the on-premise setup and the core team appear to stay exactly the same, indicating no decline in operational quality nor negative impact on Lido’s geographical decentralization.
Should Attestant continue in the Curated set following the acquisition by Bitwise? (Snapshot)
Summary:
Attestant BVI Limited was acquired by Bitwise, but there are no changes to the infrastructure or team. The proposal is to let Attestant continue operating as before, as the Lido Node Operator Sub-Governance Group sees no cause for discontinuation.
Vote: For
Rationale:
The proposed changes do not appear to introduce any concerns regarding operational quality or compromise the network’s geographical diversity. Consequently, there is no compelling reason to oppose Attestant’s continued participation under the new ownership structure.
Establishment of Lido Labs BORG Foundation as a Lido-DAO-Adjacent Foundation (Snapshot)
Summary:
The Lido Labs BORG Foundation is proposed to lead research, development, and governance for Lido’s protocol, differing from the Ecosystem BORG Foundation’s focus on cross-chain integrations and institutional alliances. By focusing on core technical improvements, Labs aims to strengthen the underlying structure of stETH.
Vote: Support the proposal
Rationale:
We see a clear advantage in establishing a dedicated entity for managing protocol development and governance, as it creates a single, accountable structure for critical activities. We believe this will foster transparent decision-making and reduce operational risks for contributors and the community.
Establishment of Lido Ecosystem BORG Foundation as a Lido-DAO-Adjacent Foundation (Snapshot)
Summary:
This proposes forming the Lido Ecosystem BORG Foundation to concentrate on institutional outreach and ecosystem expansion, setting it apart from the Labs BORG’s focus on protocol research. By driving (w)stETH adoption and partnerships, it complements the technical efforts spearheaded by Labs.
Vote: Support the proposal
Rationale:
Establishing the Ecosystem BORG Foundation clarifies accountability by consolidating decisions around external partnerships, cross-chain integrations, and institutional outreach within a single entity. This separation from protocol-focused tasks makes it easier to trace responsibility for strategic ecosystem decisions, benefiting both Lido DAO and external partners through greater transparency.
Vote #183 (Onchain)
Summary:
This vote combines the two topics below, both of which were approved on Snapshot.
-
CSM: Enable Permissionless Phase, Increase the Share Limit and Increase the Priority Exit Threshold
This proposes transitioning CSM to a fully permissionless phase and increasing the share limit from 1% to 2% to enhance decentralization. -
NO Acquisitions: Bridgetower is now part of Solstice Staking
This proposes preserving Solstice’s role in Lido on Ethereum’s Curated set following Bridgetower’s acquisition, because the same team continues to manage validators on the same Swiss infrastructure.
Vote: Yes
Rationale:
-
CSM: Enable Permissionless Phase, Increase the Share Limit and Increase the Priority Exit Threshold
We reaffirm our support for this proposal, consistent with our previous stance on Snapshot. We believe that fully opening CSM to the public will significantly enhance both Lido’s and Ethereum’s decentralization. -
NO Acquisitions: Bridgetower is now part of Solstice Staking
We continue to support this proposal, just as we did during the snapshot. We see no negative impact on operational quality or on Lido’s geographical dispersion, given that the operational structure will remain the same.