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LidoLidoby0x66cc9049B00b2B4B13221CEA90bE0eED1b9BF5A0frontalpha.lens

Top up referral program's budget and reduce rewards to Ethereum referral program

Voting ended almost 4 years agoSucceeded

Lido Referral Program achieved its goals in growing TVL (681K ETH rewarded stake).

At the moment 2/3 of the referral rewards pool is paid out (9.27M LDO) and will run out soon.

After discussion on Lido's governance forum(https://research.lido.fi/t/referral-program-reform/1907) I propose the following:

-Top up Lido's referral program budget back to 15 million LDO -Update the Ethereum referral program's terms and conditions to reduce referral rewards to a TWAP of 0.25% LDO per ETH staked(reward amount in LDO is calculated each payout week based on ETH/USD and LDO/USD 14 days)

Off-Chain Vote

Yes
8.89M LDO9.6%
No
84.1M LDO90.4%
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Timeline

Apr 08, 2022Proposal created
Apr 08, 2022Proposal vote started
Apr 15, 2022Proposal vote ended
Oct 26, 2023Proposal updated