Lido Finance, Ethereum’s largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders.
The upgrade, dubbed Lido Improvement Proposal (LIP) 28, outlines a dual governance system allowing stETH holders — those who stake ETH via Lido and receive a liquid token in return — to participate in a veto mechanism on key protocol decisions. Currently, only holders of LDO$1.09, Lido’s governance token, have a say in how the protocol evolves.
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Under the new system, stETH holders could veto certain proposals approved by LDO t
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Author: Shaurya Malwa
