Odaily Planet Daily News Lido DAO contributor Marin Tvrdić said during the EthCC event that Lido DAO members are promoting a dual governance model. If passed, the model would give Lido users, including staking ETH and holding stETH, a veto over governance proposals approved by LDO holders.
Lido DAO core contributor and anonymous developer skozin.eth first proposed the concept of dual governance on June 22, 2022. The proposal seeks to grant stETH holders veto power over DAO governance decisions. The proposal has not yet reached the discussion stage and voted on. (Decrypt)
As previously reported, in June 2022, Lido DAO proposed changes to the Lido governance system to "reduce the existing scope of governance for its token holders." While Lido DAO is currently deployed on Ethereum, LDO holders have governance power over liquid staking protocols on other chains, including Polygon and Solana.
Under the DAO's current multi-chain governance system, LDO holders have incentives related to other chains. “It doesn’t necessarily align with the incentives of Ethereum network participants,” said Lido smart contract developer Sam Kozin.
To address this, the Lido team proposes a dual governance solution, proposing the introduction of "a dispute and resolution mechanism for inappropriate incentives between stakers and LDO holders."