Lido Finance Implements Dual Governance System, Empowering stETH Holders

Lido Finance has introduced a groundbreaking governance proposal aiming to expand decision-making within its platform. The initiative grants holders of staked ether (stETH), previously only entitled to Lido’s governance token (LDO) holders, veto power over proposals that have already been approved by LDO holders. This dual governance system seeks to enhance accountability and decentralization within the protocol’s governance structure. Read on to understand how this new system works.