Lido DAO voted to approve the dual governance structure proposal, granting stakers the power to delay or veto

ChainCatcher news, according to The Block, the Ethereum staking protocol Lido DAO has voted to pass a dual governance structure proposal, granting stakers (users holding stETH tokens) the power to delay or veto governance decisions made by LDO token holders. The main voting phase concluded with nearly unanimous support, with 53.6 million LDO tokens cast in favor, barely exceeding the required threshold of 50 million LDO votes, with only 1.18 LDO in opposition.

Under the new model, stakers can express dissent by depositing stETH into a custody contract. If the deposits reach 1% of Lido's total staked ETH, the proposal will be delayed for 5 days; if it reaches 10%, the proposal will be frozen. The final voting results will be confirmed on June 30 at 10:00 AM Eastern Time, unless there is a large-scale opposition during the "opposition" phase.