Grant stETH holders "veto power"! Lido's new proposal may restructure the governance power framework of Decentralized Finance.

Lido Finance proposed LIP-28 dual governance, which intends to give stETH holders veto power, aiming to strengthen its DeFi governance model, improve decentralization and accountability, and may have a profound impact on the entire DeFi ecosystem. (Synopsis: ETH keeps rising!) Ethereum's "breakthrough of $2450" rebounded 75% in a month, and the Air Force exploded its position) (Background supplement: Arthur Hayes predicts: Bitcoin 150,000 magnesium at the end of the month! With $1 million in 2028, the U.S. Treasury dominates global liquidity) Lido Finance, the largest liquidity staking platform in the Ethereum ecosystem, recently proposed an important governance proposal called LIP-28, the core of which is to give millions of stETH (Lido staked ETH) holders on the Lido platform veto power over key protocol decisions, which may have a profound impact on the governance model of the entire DeFi (decentralized finance) field. Currently the governance voting rights of the protocol are mainly held by LDO (Lido DAO's governance token) holders, and the LIP-28 proposal aims to introduce a dual governance system. This means that even if LDO holders vote for a resolution, if that resolution raises general concerns among stETH holders, the latter will have a chance to block its eventual implementation. This move aims to more effectively balance the interests of the protocol governance token holders with the main users of the protocol (i.e., ETH stakers), ensuring that the development direction of the protocol is more in line with the well-being of the majority of users. How does this bold initiative work and what changes will it bring to DeFi governance? It is worth taking a closer look. Detailed explanation of the dual governance mechanism: "timelock" and "angry exit" The key to the operation of this dual governance system is that a special "timelock contract" is added between any decision made by Lido DAO and its final execution, providing a window for stETH holders to intervene. Specifically, if stETH holders are dissatisfied with a proposal, they can protest by depositing their assets into a designated escrow contract. When deposited stETH reaches the first threshold (First Seal, initially set at 1% of Lido's total staked ETH), the duration of the timelock will be extended, giving stETH holders more time to disagree and retain control of their assets. If the protest grows further and reaches the second seal (initially set at 10% of the total lock-up value (TVL) of Lido ETH), the "angry exit" clause will be triggered. At this point, the execution of the DAO decision is completely blocked, which forms an effective "safety valve" that allows stakers to exit safely if they do not agree to changes to the protocol (and longer if a large number of stakers do), while also giving the DAO time to re-examine, respond to, or cancel controversial proposals. Under this system, the minimum delay in the implementation of any proposal is three days; After the first threshold is reached, the minimum time lock is extended to at least five days. In addition, the DAO can proactively cancel proposals during the time lock. Looking Ahead and Challenges: The Way Forward for LIP-28 Proposals As it stands, the LIP-28 proposal is still in the community discussion phase and is expected to enter the formal on-chain voting process soon. Although the proposal aims to improve governance efficiency and staker protection, its implementation may still face some challenges, such as the technical complexity of implementation and the difficulty of effective coordination between different stakeholders, including LDO holders, stETH holders, node operators, etc. However, once the proposal is adopted and successfully implemented, it is expected to have a significant positive impact on the long-term health of the Lido protocol and user trust. This bold attempt by Lido and its possible far-reaching significance for the future development of decentralized governance deserve the market's continued attention. Related reports Michael Saylor shouted again that Microsoft is fast to buy bitcoin: the return on U.S. bonds and repurchased shares is too low, and it is hurting shareholders for a long time Bitcoin is approaching the $100,000 mark! The Air Force explosion tide is just around the corner? Bitcoin's strategic reserve is difficult to produce? The Democratic Party is "encircling" Trump's new crypto deal (giving stETH holders "decision veto power"! Lido's new proposal or refactoring the power structure of DeFi governance" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".