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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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Lido DAO grants voting rights to stETH holders through a dual governance mechanism.
Gate News bot message, Lido Finance announced on July 1 that Lido DAO's LDO holders have approved a dual governance proposal. The proposal completed the voting process through forum discussions, off-chain voting, and on-chain voting.
The new dual governance mechanism grants stETH holders the right to oppose LDO decisions. According to specific rules, when the locked assets reach 1% of the TVL, a time lock of 5 to 45 days will be added; when the locked assets reach 10% of the TVL, the "angry exit" mechanism will be activated, suspending all proposal executions until the related assets are withdrawn from the protocol.
The mechanism is scheduled to officially launch on July 4, and the first proposal will be fully implemented after testing under the new mechanism.
Source: PANews