GOOSE 2024 cycle: Lido DAO goals for 2025

Description

Summary

During the 2024 GOOSE (Guided Open Objective Setting Exercise) proposal window, only one proposal for the upcoming 2025 year was submitted: Hasu's GOOSE-2 Submission. Consequently, the GOOSE 2024 cycle proposal is to adopt Hasu's proposed set of goals.

GOOSE Framework Overview

GOOSE is the Lido DAO's framework for adopting and reviewing 3-year objectives and 1-year goals. The first GOOSE Submission was approved in November 2023 and adjusted in May 2024 (reGOOSE). The ongoing GOOSE 2024 cycle is proposed to confirm long-term objectives and focuses on new 1-year goals. Reevaluation occurs yearly, ensuring regular assessment and continuity.

Context and Motivation

The context, key challenges, and motivations for selecting goals are detailed in Hasu's proposal: Hasu's GOOSE-2 Submission.

Main Focuses Proposed by Hasu for 2025

TL;DR

1. Strengthen LDO’s Role in Governance
   • Align incentives with Lido’s long-term success, promoting stability and sustainability for the protocol.
2. Establish an Open Market for Validators
   • Align validator rewards with contributions toward Lido’s mission.
3. Expand stETH’s Ecosystem with a Diverse Product Line
   • Aim to meet the varied needs of Ethereum stakers and reignite adoption.

Detailed Goals and Initiatives

The following sections connect the three-year goals with the annual objectives to present the full scope.

Goal #1: Lido Has Effective and Decentralized Governance

2025 Main Focus: Strengthen LDO’s Role in Governance

• Objective: Explore the possibilities of tying LDO tokens to the staking rewards to attract committed, long-term holders and strengthen governance alignment.

Other Key Initiatives

• Implement Dual Governance
• Simplify Governance Participation: Facilitate LDO delegation, and encourage broader participation.
• Enhance overall operational security and transparency

Goal #2: Lido Attracts the Best Validator Set in the Market

2025 Main Focus: Establish an Open Market for Validators

• Objective: Create a validator marketplace with flexible fee structures, reflecting each validator's risk profile and contribution to decentralization.

Other Key Initiatives

• Continued contributing to decentralization, expanding CSM and DVT, while staying flexible to adjust budgets if the issuance is cut.
• Deploy programmatically initiated exits

Goal #3: stETH Is the Most Used Token in the Ethereum Ecosystem

2025 Main Focus: Expand stETH’s Ecosystem with a Diverse Product Line

• Objective: Transition from a single-product focus to a suite of staking products, targeting underserved segments:
  • Institutional Stakers: Develop tailored solutions for specific technical, legal, and compliance requirements.
  • Restakers: Support opportunities for higher risk/reward profiles through restaking and farming.
  • Leverage Seekers: Design software solutions that support affordable leverage with minimized liquidation risks.

Other Key Initiatives

• Maximize Network Effect and Liquidity of stETH: Enhance stETH's utility and accessibility across the Ethereum ecosystem.
• Keep Focusing on the Institutional Needs

Conclusion

Adopting these goals aligns with Lido's mission to make staking simple, secure, and decentralized. The proposal builds upon previous achievements and introduces new initiatives to adapt to the evolving staking landscape. By strengthening LDO's role in governance, establishing an open validator market, and expanding the product line Lido aims to enhance its competitiveness and relevance within the Ethereum ecosystem.