Stake ETH

LIDO DAO

Mission-driven decentralized organization
Governance process

Propose

Research forum

Vote

Snapshot
On-chain
Easy Track

01

Regular process

Discussion

The first step for any idea, proposal, or grant request is publishing on the Research forum and gathering community feedback.
The usual timeframe between the initial post and the next steps is at least 7 days. Once the proposal is welcomed and feedback is incorporated, it could move on to the next step.
Research forum

Snapshot

The next step is Snapshot voting. Proposers can post on the Lido Snapshot themself or ask for operational support from DAO Operations Workstream.
To create a Proposal on the Lido DAO Snapshot the user needs at least 1k LDO. This minimum threshold deters spam and lowers malicious proposals. If you don’t have enough LDO tokens you could ask DAO Operations Workstream to create a Proposal.
For the decision being made on Snapshot, the proposal needs to reach a minimum quorum: more than 5% of the total token supply must vote for one of the options. The option that gets the simple majority of votes wins.
In case the decisions made by the DAO do not require any on-chain actions a successful Snapshot is the final step. Others move to the next step of on-chain voting.
Snapshot
Snapshot voting cadence: Snapshot voting occurs once a month. All new proposals are collected and go live, usually on Thursday. The voting duration is 7 days. You can find the closest voting slot on the calendar.

On-chain Votes and Execution

When a Snapshot passes the next step is an on-chain vote.
The Lido DAO utilizes the Aragon framework for on-chain governance. Aragon is able to fulfill different operations like updating smart-contracts, fund transfers and more. One can use snippets from this repo.
To reach a quorum an on-chain vote needs to have more than 5% of the total token supply vote for one of the variants. If a quorum hasn't been reached the proposal would be rejected.
If a quorum is reached the outcome of a vote is determined by the percentage of tokens used to vote "Yes". The support threshold is 50%. This means if more than 50% of the tokens used to vote were for the "Yes" option, the decision can be enacted. Otherwise, it is rejected.
On-chain voting lasts 72 hours and has 2 phases:
The main phase, lasting 48 hours, is conventional voting, where one can vote both both “Yes” and “No”.
The objection phase, lasting 24 hours, is when one can vote “No” or change their vote from “Yes” to “No”.
In order to reduce operational burden and voter fatigue, if there are several passed Snapshot proposals that need an on-chain execution they are usually combined into a package – an “Omnibus” vote.
On-chain votes
On-chain voting cadence: “Omnibus” on-chain vote starts in line with the Snapshot voting slot, on Tuesday at 14:00 UTC. You can find the closest voting slot on the calendar.
Proposals addressing existential threats to the protocol or the DAO are considered urgent. Vote on urgent proposals may be started outside of the regular timetable.

02

Emergency Track

In emergency cases, votes can start without going through all the steps. The vote can be immediately created on-chain, bypassing Snapshot voting and the Research forum discussion. Although vote initiation is permissionless, there is an expectation to present a forum proposal framing and explaining it either before the start or immediately after the motion begins, especially in the case of urgent motions.

03

Easy Track

The Easy Track application has been developed as an efficient mechanism to assist with routine and uncontentious governance proposals for the Lido DAO. An Easy Track motion is considered to have passed if the minimum objections threshold (0.5% of the total token supply) hasn’t been exceeded. As opposed to on-chain voting, Easy Track motions are cheaper and easier to manage.
Most Easy Tracks are set up to optimize Committee operations. Only authorized addresses can start the Easy Track motion and usually, this role is granted to the committee multisig. An Easy Track motion lasts 72 hours, and the objections threshold is 0.5% of the total token supply.
Some examples of an Easy Track motion are Node Operators increasing staking limits, Funds being allocated to the LEGO program, and Funds being allocated to reward programs.
Easy Track

04

Lido on L2

Lido employs token and bridging contracts on Arbitrum, Optimism, Base, ZkSync Era, Mantle, Linea and Scroll utilizing upgradable contract structures. These are overseen by Lido DAO, with mainnet voting facilitated through the Governance Bridge Executor contracts. Additional information is available in the launch forum post.

05

Committees

In addition to all this, to streamline routine governance operations, some of the activities of the DAO are governed by committees.
The creation of committees occurs through a post on the Research forum and then through a Snapshot voting. Transactions from committees usually go through Easy Track.
Committees should report publicly on their activities on the Research forum.

LNOSG

Lido Node Operator Subgovernance Group

LNOSG evolves the node operator registry so that it is as decentralized, permissionless, and secure as possible.

It creates mechanisms that reward effective node operators and ensures that ineffective or malicious node operators are minimized.

NO Portal

LEGO

Lido Ecosystem Grants Organization

The mission of LEGO is to grow the greater liquid staking ecosystem through fast and unimpeded grants to individuals, projects, and initiatives.We strive to fund individuals, projects, and initiatives that benefit Lido and the surrounding space while maintaining efficiency and accountability for significant developments. Read more on the Research forum.

Learn more

SDVTMC

Simple DVT Module Committee

The Simple DVT Module Committee (SDVTMC) oversees the Simple DVT Module, steering Node Operators and clusters, including NOs activation, deactivation, and adjusting their limits and details. It progresses transparency by posting all actions on a public forum for community review, allowing the LDO holders to have the final say on decisions through Easy Track. Read more on the Research forum.

LOL

Liquidity Observation Labs
The Liquidity Observation Lab is a community-driven initiative designed to:
  • — Strategically boost liquidity in crucial stETH applications.
  • — Identify and aid potential applications that can enrich the stETH ecosystem.
  • — Promote temporary liquidity measures, targeting specific applications with defined outcomes.
More info on the Research forum.
Contact

Rewards Share

Committee

The committee aims to grow stETH by working long-term with other protocols and providers. The Committee is charged with vetting and filtering participants, abuse analysis and disqualification, reward calculation, and distribution of rewards. More info on the Research forum.

Contact

Treasury Management

Committee

The committee is responsible for maintaining and executing policies related to treasury management. The committee proposes and enacts strategies and actions, communicates transparently with the community, and may propose modifications or changes to authorized strategies—more info on the Research forum.

Regular processEmergency trackEasy TrackLido on L2CommitteesLido Node Operator Subgovernance Group (LNOSG)Lido Ecosystem Grants Organization (LEGO)Simple DVT Module (SDVTMC)Liquidity Observation Labs (LOL)Rewards ShareTreasury Management

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