Lido Proposal: #0x7569e4487b7737fa8e98fe708843deb014a61d0dbfeeb6e57ad1f4dba5494598
Lido Alliance Grant Proposal
For: 100%
57,846,981 LDO
Against: 0%
86 LDO
Voting Period
-Proposer
0xDbBC6A93ae517D3ea568C04219cbBBd025f01CB6
Discussion
Go to DiscussionDescription
The [EGG] Lido Alliance Grant Funding proposal seeks to continue the activities of the Lido Alliance BORG through 2025, aligning with GOOSE-2
tldr
- Continue Alliance BORG activities through 2025 in line with approved guidelines
Basic Data
| Field | Description |
|---|---|
| Proposal Name | Alliance BORG 2025 |
| Which of the following GOOSE goals is your proposal advancing? | Lido Alliance BORG is a Cayman Foundation organized to endorse, amplify and stand behind builders driven by the same vision of decentralized validation, and a universally accessible, censorship-resistant Ethereum. Advancing mainly "Expand stETH’s Ecosystem with a Diverse Product Line" from GOOSE-2 |
| Organization description | Cayman Foundation founded after an affirmative DAO vote, currently serviced, following Borg approval, by Captain Nemo |
| Proposed scope of work | Scouting, research, due diligence calls, coordination with Lido contributor organizations and Alliance partners, initial discussion, application support |
| Objectives | Expand Alliance to 8+ total members, Support growth and adoption of stETH within existing Alliance set |
| Total Budget Request | 300k DAI (or USDC, USDT hereinafter) |
| Best-before date | 31-Dec-2025 |
Substantiation for request
The Lido Alliance initiative launched last year and has already succeeded in enlisting projects that subscribe to Lido ecosystem valuesand support the growth of the Lido ecosystem. Current DAO-supported members include: Drop, Mellow, Bolt
Relative to the 125k DAI request approved for half a year, the BORG has incurred expenses of approximately 100k DAI so far, largely related to setup and administrative fees which are not expected to recur in 2025, and a further 25k DAI earmarked for incurred expenses related to third party engagements
- The budget request is intended to cover:
- Operational overhead (Administrative expenses, director fees, software infrastructure)
- Growth initiatives and project discovery (Outreach and primary sourcing of high-potential projects, ongoing support to existing members)
- Evaluation and pipeline management (Due diligence screening, external security ratings and advisory)
- Composition of request:
- 200k DAI - third-party service contracts for full-time contributor team, third-party due diligence support and other agencies
- 25k DAI - administrative expenses
- 75k DAI - operational overhead necessary for execution, including marketing engagements and communication
- Slight increase of 50k DAI relative to original expectations behind higher than expected projected expenses for comprehensive security due diligence on prospective applicants
Goals
- Plan to expand Alliance to 8+ total members by end of 2025 provided we can ensure:
- Compliance with the security checklist
- Expand stETH’s Ecosystem with a Diverse Product Line (explore collaborations with a broad range of DeFi applications)
- Establish an open market for validators (explore collaborations that can expand the range of opportunities for node operators that are part of Lido ecosystem)
- Support the growth and adoption of stETH within the existing Alliance ecosystem
Reminder
LDO holders hold the right to make the final decision on each new potential member of the Alliance by participating in Snapshot vote.