Lido DAO

tldr

• Continue grant approvals to the Lido Contributors Group to advance towards hasu’s GOOSE Goals
• Development, audit and deployment of multiple Staking Router modules, Dual Governance, Layer 2 integrations and reviews and zkOracles
• Best-before date: 2024-06-30
• 22.5m DAI + 200k LDO in grant continuity for the Lido Contributor’s Group, with an additional 10% contingency
• 8.6m DAI in grant continuity for the Liquidity Observation Lab

Basic Data

Field	Description
Proposal Name	st2024 v1
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 Module, Governance Core Protocol Engineering, API & Components
Objectives	Significantly advance all three GOOSE goals by making meaningful progress towards researching and deploying new Staking Router modules, dual governance implementations
Total Budget Request	34m DAI, 200k LDO
Best-before date	2024-06-30

st2024 v1

st2024 v1 is a 6mo grant request to advance all three of the GOOSE goals approved by the DAO earlier this year. All these goals are crucial for realizing decentralization objectives around governance minimization, validator diversity and stETH usability.

Continuity for ongoing projects being outsourced to Pool Maintenance Labs Ltd., Argo Technology Consulting Ltd. or serviced by RCC. These existing contributor channels can mitigate present business continuity risks while advancing decentralised protocol governance.

This proposal would ratify the below budget request that will officially engage the Lido Contributors Group for a further 6 months through a funding injection into three multi-signature addresses

DAI 22.5m and LDO 200,000 will be approved for the period Jan-2024 to Jun-2024, distributed across the below grant approvals. A further 10% contingency is reserved.

Approval of a continuation of the previous grants to:

• Pool Maintenance Labs Ltd., an independent not-for-profit company limited by guarantee, for education, research, advocacy of liquid staking and related technologies, and existing contributor in the British Virgin Islands, transferred to a company-authorized 4/7 multi-sig wallet  0x17F6b2C738a63a8D3A113a228cfd0b373244633D
• Argo Technology Consulting Ltd, an independent Panaman limited company for software development company operated as a not-for-profit, funded through a company-authorized 4/6 wallet  0x9B1cebF7616f2BC73b47D226f90b01a7c9F86956
• RCC 4/6 multi-sig wallet  0xDE06d17Db9295Fa8c4082D4f73Ff81592A3aC437

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

A further 8.5m DAI in wstETH at market value today would be approved for the Liquidity Observation Lab to continue a previous grant to further liquidity incentivization, experimentation and research. LOL will continue to work to deliver public resources on stETH liquidity.

To deliver on hasu’s GOOSE goals, areas of focus during the budget period will include:

• Engineering Coordination
• stETH Core Protocol Engineering
• Validator Set Engineering for the Staking Router
• Alerting and Monitoring Tooling
• Community Module
• Governance Core Protocol Engineering
• API & Components

In particular, the development, audit and deployment of multiple Staking Router modules, Dual Governance, Layer 2 integrations and reviews and zkOracles.

At the end of the budget period, if GOOSE goals can be advanced further, the Lido Contributors Group may request another grant from the DAO to continue their contributions.