KVORUM
lidoSource: Snapshot · #0x17d9933d06b3965210d4cbb60298a714607e1ec6025830b6425f1bade515e7bc

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

succeededApr 15, 2022, 06:00 PM UTCsignaling · non-bindingby660x66cc…f5a0View on Snapshot ↗

01Summary

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02Description

89 words

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)

03Mismatch analysis

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04Actions

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05Tally

Summed from votes

Voters55
VP participating0
Outcome (current)No
Current support9.6%

06Voters

55 total

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07Forum

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08Similar proposals

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