Lido DAO official reports on incentive distribution

Lido Launches On-Chain Delegate Platform to Enhance LDO Governance

Sep 5, 2024, 07:50 AM

Lido has officially launched its new on-chain delegate platform, enabling token holders to delegate their LDO tokens to governance participants. This platform is part of a broader initiative to enhance governance effectiveness, with a six-month pilot program that will distribute incentives to active delegates. The Lido DAO Delegate rally is currently in progress, with voting for delegates open until September 18th. Token holders are encouraged to select and delegate their voting power to candidates from a roster of initial delegates to bring more diverse voices into the governance process. This initiative aims to address voter apathy and voting concentration among a few addresses by decentralizing governance and creating opportunities for more individuals to participate.