• © Goverland Inc. 2026
  • v1.0.3
  • Privacy Policy
  • Terms of Use
LidoLidoby0x00444797Ba158A7BdB8302e72da98dCbCCef0Fbckadmil.eth

Re: Should Lido use third party cover providers?

Voting ended over 4 years agoSucceeded

Starting another snapshot vote on the cover, as we need to have the quorum for the question. The previous one concluded mostly in favor of "don't renew the cover, explore self-cover", but only ~2.1% of the total votes have been cast.

Currently Lido has cover for 5% slashing penalties on ~90% of each operator's stake (every operator has slightly different numbers here). The cover was bought from the dev team funds for ~66.3 ETH.

As discussed in the forum, Lido should make a decision around its next steps on cover.

This poll's purpose is for token holders to signal how they think Lido should move forward with the cover paths as mentioned in the post.

Depending on the outcome, a follow-up vote may occur for deciding the implementation path.

Snapshot does not allow longer-form text in the poll choices so expanding here for clarity:

  1. Renew Cover: Re-purchase cover from Unslashed Finance
  2. Do not renew cover: Do not re-purchase cover from Unslashed Finance
  3. Do not renew cover and explore self-cover: Do not re-purchase cover from Unslashed Finance and explore self-cover (mechanism TBD given multiple potential avenues)

Off-Chain Vote

Renew cover
57.4 0%
Don't renew cover
0 0%
Don't renew & explore selfcover
45.51M 100%
Download mobile app to vote

Timeline

Jul 16, 2021Proposal created
Jul 16, 2021Proposal vote started
Jul 17, 2021Proposal vote ended
Oct 26, 2023Proposal updated