Lido DAO

Summary

Lido Alliance is a framework for Lido DAO to offer support and endorsement for protocols with the same obsessive focus on smart contract and product security and a no-holds barred commitment to decentralizing Ethereum validation. It relies on yet-to-be-built governance process for Lido DAO to identify and recognize projects that share the same values and mission, and have a way to positively contribute to the stETH ecosystem.

The proposal asks for creation of a dedicated Alliance workgroup of Lido Contributors. The group’s purpose is to assess potential new Alliance members, facilitate & guide them in the DAO’s governance process, as well as help with navigating the potential alignment & product development possibilities. Onboarding and offboarding to the Lido Alliance is decided by the DAO via a snapshot vote.

Wishlist

While the Alliance framework proposal is theoretically open to any new protocol, it’s written with restaking in mind, and has two points to ‘wishlist’, as an open call to the community:

• Permissionless LRTs, i.e. services that curate AVSes but allow users to delegate ETH in a trustless and multisig-less way (similar to Yearn strategies or MetaMorpho vaults)
• Preconfirmation services and other AVS protocols that are Ethereum-aligned and can help make the network stronger

Proposal actions

This proposal requests:

• Recognition of Lido Alliance as a group of Lido-aligned projects
• Approval of the initial wishlist
• Authorization from Lido DAO for Contributors to implement this proposal, including setting up a new DAO-adjacent legal entity that will setup any multisig wallets that might be necessary for its operation or to support the operational needs of the Alliance, as well as to sign service agreements with the Alliance Workgroup.

Approval of the proposal would authorize setting up an Alliance Workgroup and a new legal entity that will host it, along with the creation of a temporary Alliance Development Committee composed of current Lido contributors to lead reviews for Alliance applications until the Alliance Workgroup is set up.

The temporary Alliance Development Committee:

• @Steakhouse, Finance Workstream
• @Kadmil, DAO Operations Workstream