Lido DAO

TL;DR

The Delegate Oversight Committee proposes extending the Delegate Incentivization Program (DIP) for Q2–Q4 2025 with a $225K LDO budget, lowering the eligibility threshold to 1M LDO, switching to calendar-quarter evaluations, and updating Agora’s committee members. All core mechanics remain unchanged.

Motivation

This proposal extends and updates the Delegate Incentivization Program to support expert, long-term-aligned delegates in Q2–Q4 2025.

Today, approximately 25M LDO are delegated to public delegates. Supporting this group remains essential to healthy DAO governance and ensuring consistent decision-making capacity by engaged actors.

Program Conditions

• Total budget: $225,000, allocated evenly across 3 quarters
• Up to $75,000 per quarter, paid in LDO at 90-day time-weighted average price (TWAP)
• Maximum compensation per delegate: $15,000 in LDO per 3-month period
• All qualified delegates will receive equal portion

Merit-Based Recognition Criteria

To qualify for incentives, an eligible delegate must:

• Have ≥1M LDO delegated on either Snapshot or Aragon on the first day of the quarter.
• Be the only incentivized delegate per address (anti-sybil rule). Incentives are granted on a first-delegated, first-incentivized basis.
• Participate in ≥70% of all votes during a quarter.
• Actively engage in proposal discussions and provide a rationale for decisions on the forum. The Delegate Oversight Committee will assess this engagement during the quarterly review process.

Program Process and Timeline

Eligible delegates will be determined at the start of each quarter based on the amount of LDO delegated.

Incentives distributed after the committee report on the delegate public track of participation (votes and reasoning) at the start of the following quarter. The amount of LDO received is calculated as part of that report, using the 90-day TWAP from the last 90 days of the quarter.

Committee Composition and Authority

The Delegate Oversight Committee consists of members from the Lido DAO Contributors Group and the Agora team, ensuring both internal continuity and external accountability.

It is proposed to rotate Charlie and Marcela (Agora) out of the committee and appoint Brennan and Maz (Agora) in their place. The composition from the Lido DAO Contributors Group remains unchanged.

Next steps

If this proposal is approved:

• The Delegate Incentivization Program (DIP) will be extended to the Q2–Q4 2025 and will proceed according to the rules and conditions outlined above.
• LEGO will fund a Delegate Oversight Committee multisig: $225,000 equivalent in LDO will be transferred to LEGO committee multisig via Easy Track motions, to be distributed per quarter post-evaluation.
• A rotation of committee members from the Agora side will be conducted.