Lido DAO allocates $150,000 in LDO through the “On-Chain Delegation and Representative Incentive Program”
According to official information, Lido DAO has passed Vote 178 and Snapshot voting to introduce a "on-chain delegation and representative incentive program" to strengthen governance participation and simplify the entire DAO's decision-making. The program proposes to establish a public representative platform, simplify the governance process, and increase participation and decision transparency. The 6-month pilot delegation incentive program will provide a total of $150,000 in LDO tokens to incentivize eligible active representatives. Token holders retain full control over voting and can override representatives' decisions. The program will launch on September 19 and run until March 18, 2025. Eligible representatives need to have over 2 million LDO delegated 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 establish a representative oversight committee responsible for evaluating representative performance and distributing incentives. Additionally, it will maintain transparent communication with contributors, representatives, and token holders, and publicly report all changes and events.
