The bear market and recent market events has shown the importance of increasing the adoption of defi and more decentralized infrastructure. With increased centralized competition, speed of execution is of the utmost importance for the whole industry. To date, Lido DAO’s referral program has exceeded expectations. However, the current model is unsustainable. With protocol sustainability in mind, referral rewards need to be reduced to a manageable level.
A longer-term revenue share model is outside the scope of this proposal.