Express

Lido DAO's Dual Governance Proposal Approved, Set to Launch on July 4th

Summary: In a recent announcement, Lido Finance revealed that its LDO holders have approved a dual governance proposal for Lido DAO. The voting process included forum discussions, off-chain voting, and on-chain voting. The dual governance introduces a new phase allowing stETH holders to oppose decisions made by LDO. Specific mechanisms include adding an additional time lock ...

In a recent announcement, Lido Finance revealed that its LDO holders have approved a dual governance proposal for Lido DAO. The voting process included forum discussions, off-chain voting, and on-chain voting. The dual governance introduces a new phase allowing stETH holders to oppose decisions made by LDO. Specific mechanisms include adding an additional time lock of 5 to 45 days when 1% TVL is locked, and triggering a 'rage quit' when 10% TVL is locked, halting all proposals until the assets are withdrawn from the protocol. This mechanism is set to officially launch on July 4th, with the first proposal to be fully implemented after testing in the new phase.

Last Update:

Tags:
Link: Lido DAO's Dual Governance Proposal Approved, Set to Launch on July 4th [Copy]

Last: Another $20,000 Transferred to Satoshi Nakamoto Address Following $200,000 Transfer

Next: Yesterday, US Ethereum Spot ETF saw a net inflow of $31.8 million

Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 12 hours ago

Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 2 days ago

From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 8 days ago

The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 14 days ago

Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 16 days ago