Lido has announced the implementation of a new two-way governance structure that grants additional rights to LDO and stETH token holders.
New Governance Structure
Under the update, stETH holders will be able to delay or block proposals by locking their tokens in an escrow contract. If 1% of total staked ETH is deposited, proposals face a 5-day delay. If that climbs to 10%, the proposal is frozen entirely, triggering a 'Rage-Quit' mode, where dissenting stakers can exit, or the proposal gets scrapped.
Reaction to Changes
The vote passed with overwhelming support: over 53 million LDOs voted in favor, narrowly passing the 50 million quorum. Only one token holder opposed the change. The final phase of the vote, which allows 'No' votes or reversals, ends on June 30.
Proposals and Limitations
Ethereum’s Vitalik Buterin backed the move, calling it a vital safeguard against abuse and a way to strengthen staker rights. Lido’s team hailed the shift as one of its most important governance upgrades to date.
The implementation of Lido's new governance model highlights the importance of token holder rights and the company's commitment to protecting the interests of stakers.
