1. stETH on L2 We support this proposal as it enhances the accessibility of stETH across L2 networks, leveraging existing wstETH infrastructure. This expansion will provide users with a consistent experience across both L1 and L2. 2. Organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG We support setting up an EasyTrack for the Lido Alliance Operational Multisig to simplify operations. The approved BORG entity provides a legal framework for agreements without exposing Lido DAO to legal risks. This structure keeps Lido DAO decentralized while supporting the Alliance’s needs, with EasyTrack improving fund management.
Summary: This is the omnibus vote of the two proposals below.
We voted for both of the proposals in the Snapshot Votes, in which they were approved. 1. stETH on L2 This proposal aims to make stETH available on L2 networks alongside existing wstETH deployments. By leveraging current bridges and wrapping wstETH on L2, we can enable stETH usage on L2s. The goal is to maintain stETH's L1 utility on L2s, ensuring a consistent user experience across networks. 2. Organize the Lido Alliance Program as a Lido-DAO-Adjacent BORG This proposal suggests setting up an EasyTrack to fund Lido Alliance Operational Multisig. In a Snapshot vote, it is already approved to create a legal entity called a BORG (Blockchain Operated Regulated Governance) to support Lido Alliance operations.