Lido DAO allocates $150,000 in LDO through the “On-Chain Delegation and Representative Incentive Program”
08-27 05:35
Odaily News According to official news, Lido DAO has introduced the "On-chain Delegation and Representative Incentive Program" through Vote 178 and Snapshot voting to strengthen governance participation and simplify decision-making across the DAO. The plan proposes to establish a public representative platform to simplify the governance process and increase participation and decision-making transparency. The 6-month pilot delegation incentive program will provide a total of $150,000 in LDO tokens to incentivize active representatives who meet the standards. Token holders retain full control over the vote and can override the decisions of representatives. The program will be launched on September 19 and will last until March 18, 2025. Eligible representatives must have more than 2 million LDO delegations on Aragon and Snapshot, and can receive up to $15,000 in LDO rewards every three months. To ensure the smooth operation of the system, Lido DAO will set up a representative oversight committee to evaluate representative performance and distribute incentives. In addition, it will maintain transparent communication with contributors, representatives and token holders, and publicly report all changes and events.
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