Reported by decrypt, LidoDAO is pushing for dual governance model. If passed, it would give Lido users–specifically those who are staking Ethereum and hold stETH–veto power on governance proposals approved by LDO holders.
The current governance system for Lido is based on LDO, which means that only LDO holders can vote on proposals. Naturally, this gives LDO holders a degree of power over the protocol that stETH holders don’t have. This can have consequences, if, for instance, LDO holders move to change something that could negatively impact liquid stakers.
On June 22, a core contributor to LidoDAO, a pseudonymous developer named skozin.eth introduced the concept of dual governance. This proposal aims to grant stETH holders veto power over the DAO's governance decisions. The proposal has yet to move behind discussion to a vote.
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Lido
Governance
