Lido Dual Governance Explainer Released
Lido announced that the dual governance interpreter has been released on the Lido forum and the temperature check snapshot vote will go live on April 18th. If the vote passes, it is expected to deploy the testnet in the third quarter and the mainnet in the fourth quarter. Dual governance allows stETH holders to postpone any proposed changes to the Lido protocol in the worst-case scenario until they fully withdraw ETH from the protocol. The goal of dual governance is to prevent LDO holders from changing the social contract between the protocol and stETH holders without their consent. Previously, in July 2023, Marin Tvrdić, a Lido DAO contributor, stated during the EthCC event that Lido DAO members are pushing for a dual governance model that would give Lido users who stake Ethereum and hold stETH the power to veto governance proposals approved by LDO holders.
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