Lido Proposal: #0x8736420fd3ebecc1aae603c3a49d6805899c38b142c92525169e5bfa95f53b26

[EGG] Multi-EGG Continuity Grant Funding

Status:

Active

For99.7%

For: 99.7%

57,233,613 LDO

Against: 0.3%

199,277 LDO

Voting Period

Proposer

0xDbBC6A93ae517D3ea568C04219cbBBd025f01CB6

Discussion

Go to Discussion

Description

tldr

Continue grant approvals to the Lido Contributors Group to advance towards Hasu’s GOOSE, reGOOSE goals and preparation ahead of updates to deliver GOOSE-2
Development, audit and deployment of Dual Governance (finalizing DAO Governance strategic initiative), along with preparing and enabling the permissionless CSM entry (continuing focus on Validator Set strategic initiative)
Maintain rollout and node operator onboarding for Simple DVT and CSM modules

11.1m DAI (or USDC, USDT hereinafter) in grant continuity for the Lido Contributor’s Group (Best-before date: 2025-03-31)
8.5m DAI in grant continuity for Ecosystem Growth through Liquidity Observation Lab (Best-before date: 2025-06-30)
2m DAI in continuity for the Bug Bounty program (Best-before date: 2025-12-31) to be drawn down only in the event of payout events

Basic Data

Field	Description
Proposal Name	Multi-EGG Continuity Grant Funding
Which of the following GOOSE goals is your proposal advancing?	1: Lido has effective and decentralized governance, 2: Lido attracts the best validator set in the market, 3: stETH is the most used token in the Ethereum ecosystem
Proposed scope of work	Engineering Coordination, stETH Core Protocol Engineering, Validator Set Engineering for the Staking Router, Alerting and Monitoring Tooling, Community Staking Module, Governance Core Protocol Engineering, API & Components
Objectives	Complete milestones relating to dual governance and new staking router modules, prepare for GOOSE-2
Total Budget Request and Best Before Dates	11.1m DAI through 2025-03-31, 8.5m DAI through 2025-06-30, 2m DAI through 2025-12-31

Multi-EGG

Multi-EGG is:

A 3mo. grant request to complete all three of the GOOSE goals supported by the DAO earlier this year, namely deployment of dual governance and permissionless CSM whitelisting, maintaining rollout and node operator onboarding for Simple DVT and CSM modules
A 6mo. grant continuity request for Ecosystem growth
A 12mo. grant continuity request for the Bug Bounty program

Continuity for ongoing projects being outsourced to Pool Maintenance Labs Ltd., Argo Technology Consulting Ltd. or serviced by RCC, to collect functions relating to protocol execution, sponsorships and development support for the DAO. These existing contributor channels can mitigate present operational continuity risks while advancing decentralised protocol governance.

This proposal would ratify the below budget request that will continue grantee funding through Easy Track contracts into three multi-signature addresses.

DAI 11.1m will be approved for the period Jan-2025 to Mar-2025, distributed across the below grant approvals.

Approval of a continuation of the previous grant to Pool Maintenance Labs Ltd., an independent not-for-profit staking advocacy and technical services company and existing contributor in the British Virgin Islands, transferred to a company-authorized 4/7 multi-sig wallet with signers listed below: 0x17F6b2C738a63a8D3A113a228cfd0b373244633D

adcv: 0xcC692077C65dd464cAA7e7ae614328914f8469b3 folkyatina: 0x75E01e1B7a4Ac280fB744A8153beE668A7e83abd kadmil: 0x9A3f38AF97b791C85c043D46a64f56f87E0283D4 Azat: 0xA14BFfd91fb571bF1D9Bec70f273CAc13CA127Fa krogla: 0x000000DfE832ccD7a4011a1Fca34602C9a598353 Elena_S: 0x07Bd812CF9c70538d78Cd4faaBbb5C1d8688d173 alxmrn: 0x444C7182bD7cd40f323Ba7A9b84d6B7564ccf5EC

Approval of a continuation of the previous grant to Argo Technology Consulting Ltd, an independent Panamanian software development company operated as a not-for-profit, funded through a company-authorized 4/7 wallet with signers listed below: 0x9B1cebF7616f2BC73b47D226f90b01a7c9F86956

adcv: 0xcC692077C65dd464cAA7e7ae614328914f8469b3 dgusakov: 0x992Ce4eEc8288274f60880c7770DdA265fCCe610 ShardYaco: 0x59d07dc34B135B17b87840a86BFF7302039E7EDf Alex_L: 0xB339918e75664a07BB650513427559920C0A0F6C Juan: 0xB8Dcad009E533066F12e408075E10E3a30F1f15A Olga_K: 0xcb408B2c5e45E43DF0F3B2d665873F805D435598 Angelina_L: 0x30cE91EB74E56d0df97c78774B3ACa2144F6AD32

Approval of a continuation to fund the RCC 4/7 multi-sig wallet with signers listed below: 0xDE06d17Db9295Fa8c4082D4f73Ff81592A3aC437

Alex_L: 0xB339918e75664a07BB650513427559920C0A0F6C irina: 0x8CeD94df9ddba8E38b6cb36639B6635F19Eb25C6 UniteTheClans: 0x81ca68f085282434D15c09619360D6513710a979 zuzu_eeka: 0x004812da927b5dcd07e7329609edd75e25d2d295 adcv: 0xcC692077C65dd464cAA7e7ae614328914f8469b3 Mol_Eliza: 0x21b82AA7149c8Fd0562E78b740937442FfD43094 Olga_K: 0xcb408B2c5e45E43DF0F3B2d665873F805D435598

If the proposal is approved, the first funding for disbursement to finance protocol operations would be requested from the DAO via Easy Track motions.

Pool Maintenance Labs Ltd. 0x17F6b2C738a63a8D3A113a228cfd0b373244633D Argo Technology Consulting Ltd. 0x9B1cebF7616f2BC73b47D226f90b01a7c9F86956 RCC 0xDE06d17Db9295Fa8c4082D4f73Ff81592A3aC437

Multisig signers & addresses may be rotated by specified multisig after signalling the change to DAO on the Research forum. Number of signers can’t be lowered, and the threshold must be at least 50% of the signers.

A further 8.5m DAI would be approved for Ecosystem growth to continue a previous grant to further liquidity incentivization, experimentation and research through to 2025-06-30.

A further 2m DAI would be approved for continuing coverage for exposure to the Bug Bounty program through to 2025-12-31. These funds will only be drawn in the event of a payout event.

At the end of the budget period, contributors will request new grant funding to propose advancing towards GOOSE-2.

Transparency

As with the previous EGG, a review will be held to recap on the progress to date and report on variances. Publicly available information on the state of the DAO economics continue to be available here.