Lido, the largest liquid staking protocol on Ethereum, is preparing for a radical transformation in its governance model. Lido DAO members largely unanimously accepted the dual governance system that grants stETH holders the right to defer or completely block certain governance proposals.

New Model: LDO-StETH Balance is Established

In the current system, only Lido token (LDO) holders had the right to create protocol proposals and vote. The new model brings balance to this one-sided structure. Now, stakers — that is, stETH holding users — will be able to effectively intervene in the decision-making process.

According to the new order, stakers who object to a proposal can initiate the veto process by depositing their stETH tokens into a special “escrow contract.” When stETH equivalent to 1% of the total staked ETH is deposited into this contract, the relevant proposal is postponed for 5 days in the first stage. As the objection amount increases, this period can be extended.

Rage-Quit Mechanism is Activated

If the objection rate reaches 10%, the proposal is completely suspended, and the protocol enters “Rage-Quit” mode. In this case, either the stakers will exercise their right to withdraw all their assets from the system, or the DAO proposal will be completely withdrawn. During this process, no new proposals regarding the protocol can be implemented.

Voting Results: Accepted with Strong Support

In the vote held, 53.6 million LDO voted “Yes,” surpassing the decision quorum of 50 million LDO. Only 1.18 LDO was used for a single “No” vote. The participation level occurred at similar levels to previous Lido DAO votes.

In the final stage of voting, only LDO holders who voted “No” have the right to backtrack or change their minds. If a significant counter-campaign is not initiated, the proposal is expected to be finalized by June 30 at 17:00 (UTC+3).

Support from Buterin: “Independent Security Layer”

Ethereum co-founder Vitalik Buterin fully supported this dual governance model. Buterin stated that the system provides an “independent line of defense against harmful proposals” and that Ethereum stakers gained a more concrete voice within the Lido protocol.

Lido Team: “One of the Most Important Upgrades”

The Lido team describes this change as “one of the most critical developments” in the protocol's history. The new governance structure aims to increase user participation, re-establish the power balance within the protocol, and achieve a healthier alignment with the Ethereum ecosystem.


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