According to BlockBeats, on July 6, the Lido community launched a proposal vote on the Snapshot governance page called "Designated Entity Responds to Pending Class Action Lawsuits Against Lido DAO." The proposal stems from a class action lawsuit filed by a private plaintiff in the United States District Court for the Northern District of California, in which Lido DAO was accused of being a "general partnership operating an Ethereum staking business" and LDO tokens or LDO token transactions were accused of being securities or securities transactions. The court has ruled that the plaintiff's service of legal documents to Lido DAO by public release is legal and requires Lido DAO to respond within 14 days. Therefore, this proposal proposes to appoint and fund Dolphin CL, LLC, a limited liability company located in Delaware, to hire legal counsel to draft, submit and argue a motion to support the dismissal of the lawsuit involving Lido DAO. The amount of funding requested is 200,000 DAI.