Lido Finance has announced that its $LDO holders have approved a dual governance proposal. For the Lido DAO, the voting process includes forum discussions, off-chain voting, and on-chain voting.
The dual governance adds a stage that allows $stETH holders to oppose $LDO decisions. The specific mechanisms include: adding an extra 5 to 45 day timelock when 1% TVL is locked; triggering an "rage quit" when 10% TVL is locked, preventing all proposal execution until the relevant assets are withdrawn from the protocol. The mechanism will officially launch on July 4th, and the first proposal will be fully implemented after testing through the new stage. [Odaily星球日报]