Lido DAO votes to enable dual governance mechanism, granting pledgers veto power

According to Golden Finance, as the governing DAO of Ethereum's largest liquidity staking protocol, Lido currently manages over a quarter of the Ethereum staking volume. The organization recently decided, with almost unanimous approval, to grant stakers the power of delay or veto in governance decisions. This' dual governance 'mechanism aims to prevent situations where Lido token holders (currently the only group authorized to create and govern proposals through Lido DAO) propose and pass proposals that may have a negative impact on the pledger or Ethereum itself. According to the new mechanism, Lido stakers (i.e. users holding stETH tokens) can object to DAO proposals by depositing stETH into a custodial contract. If at least 1% of the total pledged ETH of Lido is deposited into the custody contract, the proposal will be delayed for 5 days, and the delay time will further increase as the amount of deposited stETH increases.