According to TechFlow, Lido DAO introduced an on-chain delegation and representative incentive program through Vote 178 and Snapshot voting. The program established a public representative platform to simplify the governance process and increase participation and decision-making transparency.
The six-month pilot representative incentive program will provide a total of $150,000 in LDO tokens to incentivize active representatives who meet performance standards. Token holders retain full control over voting and can override the decisions of representatives. The program will start on September 19, Beijing time, and will last until March 18, 2025.
Eligible representatives must have more than 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, a representative supervision committee will be established to evaluate representative performance and distribute incentives.
