Lido Introduces Dual Governance System for stETH Holders

Lido has implemented a dual governance system for Ethereum’s stETH holders, empowering these stakeholders with veto and exit rights starting April 2023. This move aims to enhance security and protect stakers from potential governance manipulation. Lido highlights that this change safeguards against malicious attempts to control the protocol’s decision-making process. The system enables stETH holders to veto any proposals they deem contrary to their interests, contributing to a more stable and transparent ecosystem.