The post Lido DAO Implements Dual Governance Structure Empowering stETH Validators to Veto Ethereum Staking Decisions appeared on BitcoinEthereumNews.com.
Lido DAO, a leading Ethereum staking protocol, has successfully implemented a dual governance framework following a pivotal proposal approval. This new structure empowers validators holding stETH tokens with enhanced oversight capabilities, including the authority to delay or veto decisions made by LDO token holders. The governance vote concluded with overwhelming support, securing 53.6 million LDO tokens in favor, surpassing the 50 million token approval threshold by a narrow margin. Under the revised governance model, validators can signal opposition by locking stETH into a dedicated custody contract. If these deposits reach 1% of the total staked ETH, the proposal’s enactment is postponed by five days. A 10% threshold triggers a complete freeze of the proposal, ensuring robust checks and balances within the ecosystem. The final ratification of this governance update is scheduled for June 30th at 10:00 ET, contingent on the absence of substantial objections during the designated review period. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/lido-dao-implements-dual-governance-structure-empowering-steth-validators-to-veto-ethereum-staking-decisions/