Lido DAO has passed Proposal 214, with 58.2 million LDO used to vote in favor of the measure. The approved proposal will deploy parameters for Dual Governance V1 on the Ethereum mainnet. Under the framework, stETH holders will get a new mechanism that allows them to object to certain governance actions. The proposal also extends the related emergency governance delay period to 14 days. Lido DAO said the Dual Governance structure is designed to give users with assets inside the protocol, specifically stETH holders, a way to check governance decisions made by LDO holders. The update was carried by Techub News, which cited Bitcoinist.
Lido DAO has approved Proposal 214, with 58.2 million LDO voting in favor.
The proposal will deploy parameters related to Dual Governance V1 on the Ethereum mainnet. It introduces a new mechanism for stETH holders, allowing them to object to certain governance actions.
The related emergency governance delay period has also been extended to 14 days. Lido DAO said the Dual Governance framework is intended to let users who hold assets within the protocol, namely stETH holders, serve as a check on governance decisions made by LDO holders.
The update was reported by Techub News, citing Bitcoinist.
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