My lovely people! Get ready for this hot gossip coming from the crypto world! 🚀 Lido, that platform that is tough on Ethereum staking, just dropped a bombshell that has us all talking! 🗣️
It turns out that after three years of hard work and brainpower, the owners of LDO (Lido's token) have finally given the green light to Dual Governance! 🎉 And what does that mean, you may ask? Well, it's like putting a bulletproof vest on Lido so that no one wants to steal or manipulate it! 🛡️
Imagine this: Lido DAO (the community that makes the decisions) wants Ethereum to remain free, decentralized, and uncensorable. And with this new governance, they ensure that! Before, voting was a process, but now they added an extra phase that is crazy: those who have ETH in staking (i.e., stETH) can put a brake on the decisions of those who have LDO! 🛑 It's like players on the field could stop the game if they disagree with the referee. And the best part is that this has been working since July 4th! What a better independence gift! 🇺🇸
Lido Finance made it clear: this mechanism gives power to the stakers, allowing them to delay any proposal they don't like for up to 45 days, and even withdraw their ETH if things get ugly! It's like having a panic button if something doesn't seem right. 🚨
And what does the community say? Well, they are celebrating like it's carnival! 🥳 Many say that Lido has always been a pioneer, and rightly so! They dominate Ethereum staking with 25% of the market and have over 9 million ETH at stake. That's a crowd! 📈
Hasu, one of the brains behind Lido, is happier than a child with a new toy. He says that this Dual Governance will improve the quality of the proposals and that he won't allow anyone to come and make a "coup" in the protocol. So stakers can sleep soundly, knowing that their ETH is safer than in a vault! 🔒 And they are even working on a new version, v3, which will bring more cool things like modular staking. These guys never stop!
But not everything is rosy, my people. The LDO token has been a bit sad lately. It has dropped 5.46% today and 60.85% year-to-date! 📉 It's like the token hasn't realized the good news. There are concerns that the new governance might affect it, but Hasu insists that this is good for LDO in the long run because the network becomes stronger. Let's hope he's right and that LDO gets its act together soon! 🙏
So, stay tuned to Lido! It seems that these guys are doing everything possible to make the crypto world safer and more democratic. Don't lose track of them!$LDO $ETH
