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.
There must be at least 7 days between the initial post and the next steps. It could move forward once the proposal is welcomed and feedback is addressed.

Research forum

Snapshot

The next step is Snapshot voting. Proposers can post on the Lido Snapshot themselves or request operational support from the 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 the DAO Operations Workstream to create a Proposal.

For the decision being made on Snapshot, the proposal must reach a minimum quorum of more than 5% of the total token supply voting in favor of one option. The option that gets the simple majority of votes wins.

For the DAO's decisions that don't require any on-chain actions, a successful Snapshot is the final step. Other proposals proceed to on-chain voting.

Snapshot

Snapshot voting cadence: Snapshot voting takes place once a month. New proposals are collected and launched together, usually on Monday. The voting duration is 7 days. You can find upcoming voting slots on the calendar.

On-chain Votes and Execution

After a Snapshot passes, the next step is an on-chain vote.

The Lido DAO uses the Aragon framework for on-chain governance. Aragon can perform different operations, including smart contract updates and fund transfers. Snippets from this repo can be used.

To reach a quorum, an on-chain vote needs to have more than 5% of the total token supply vote for one of the options. If a quorum isn't reached, no decision is made and the proposal won't be enacted. The proposal can be rerun.

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% — if more than half of the voting tokens support "Yes", the decision can be enacted. Otherwise, it's rejected.

On-chain voting lasts 5 days and has two phases:

The main phase: a 3-day (72-hour) period of conventional voting, when participants can vote "Yes" or "No".

The objection phase: a 2-day (48-hour) period when participants can vote "No" or change their vote from "Yes" to "No".

To reduce operational burden and voter fatigue, if there are several passed Snapshot proposals that need on-chain execution, they are usually combined into a package – an “Omnibus” vote.

On-chain votes

On-chain voting cadence: “Omnibus” on-chain votes start in line with the Snapshot voting slot, on Wednesdays 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 start outside of the regular schedule.

03 Easy Track

The Easy Track application provides an efficient mechanism for handling routine proposals in 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 — usually committee multisigs — can initiate Easy Track motions. Each motion runs for 72 hours with an objections threshold of 0.5% of the total token supply.

Examples of Easy Track motions are Node Operators increasing staking limits, and funds being allocated to the LEGO program or other reward initiatives.

Easy Track

04 Committees

To further streamline routine governance operations, some activities of the DAO are governed by committees. Committees are established through publishing a Research forum post followed by a Snapshot vote.

Committee transactions typically proceed through Easy Track. All committees must report their activities publicly on the Research forum.

Regular process Emergency track Easy Track Committees Lido Node Operator Subgovernance Group (LNOSG)Lido Ecosystem Grants Organization (LEGO)Simple DVT Module (SDVTMC)Liquidity Observation Labs (LOL)Rewards Share Treasury Management

LIDO DAO

Mission-driven decentralized organization

Propose

Vote

01

Regular process

Discussion

The first step for any idea, proposal, or grant request is publishing on the Research forum and gathering community feedback.There must be at least 7 days between the initial post and the next steps. It could move forward once the proposal is welcomed and feedback is addressed.

Snapshot

The next step is Snapshot voting. Proposers can post on the Lido Snapshot themselves or request operational support from the 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 the DAO Operations Workstream to create a Proposal.

For the decision being made on Snapshot, the proposal must reach a minimum quorum of more than 5% of the total token supply voting in favor of one option. The option that gets the simple majority of votes wins.

For the DAO's decisions that don't require any on-chain actions, a successful Snapshot is the final step. Other proposals proceed to on-chain voting.

Snapshot voting cadence: Snapshot voting takes place once a month. New proposals are collected and launched together, usually on Monday. The voting duration is 7 days. You can find upcoming voting slots on the calendar.

On-chain Votes and Execution

After a Snapshot passes, the next step is an on-chain vote.

The Lido DAO uses the Aragon framework for on-chain governance. Aragon can perform different operations, including smart contract updates and fund transfers. Snippets from this repo can be used.

To reach a quorum, an on-chain vote needs to have more than 5% of the total token supply vote for one of the options. If a quorum isn't reached, no decision is made and the proposal won't be enacted. The proposal can be rerun.

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% — if more than half of the voting tokens support "Yes", the decision can be enacted. Otherwise, it's rejected.

On-chain voting lasts 5 days and has two phases:

To reduce operational burden and voter fatigue, if there are several passed Snapshot proposals that need on-chain execution, they are usually combined into a package – an “Omnibus” vote.

02

Emergency Track

03

Easy Track

Most Easy Tracks are set up to optimize Committee operations. Only authorized addresses — usually committee multisigs — can initiate Easy Track motions. Each motion runs for 72 hours with an objections threshold of 0.5% of the total token supply.

Examples of Easy Track motions are Node Operators increasing staking limits, and funds being allocated to the LEGO program or other reward initiatives.

04

Committees

To further streamline routine governance operations, some activities of the DAO are governed by committees. Committees are established through publishing a Research forum post followed by a Snapshot vote.

Committee transactions typically proceed through Easy Track. All committees must report their activities publicly on the Research forum.

LNOSG

Lido Node Operator Subgovernance Group

LEGO

Lido Ecosystem Grants Organization

SDVTMC

Simple DVT Module Committee

LOL

Liquidity Observation Labs

Rewards Share

Committee

Treasury Management

Committee

Staking

Integrations

Node operators

Lido DAO

About

Analytics

Developers

Learn

The first step for any idea, proposal, or grant request is publishing on the Research forum and gathering community feedback.
There must be at least 7 days between the initial post and the next steps. It could move forward once the proposal is welcomed and feedback is addressed.