Rewards Share Committee Reform

TL;DR

Reform and relaunch the Rewards Share Committee (”Committee”) as DAO-authorized operational committee to align with GOOSE-3 goals. This proposal updates the Committee mandate and process, including adding support of the stVaults which were introduced with Lido V3, as well as operational functions to help execute the changes approved to Curated Module processes, and updates Committee configuration. The full updated version of the Rewards Share Program is available on the Research Forum.

Background

• The DAO approved the creation of the Committee in 2022 to support targeted rewards for Ethereum stake growth.[1]
• Over time, the program evolved in naming and process, while its core goal stayed the same: targeted initiatives that seek to grow the adoption of stETH by fostering high-quality and secure ecosystem development.
• Given the updated goals approved by the DAO via GOOSE-3 and the launch of Lido V3, the Rewards Share Committee should receive an update to its mandate, processes and configuration.

Proposal

The Committee will continue providing initiatives to support GOOSE-3 goals in stake growth within the Rewards Share Program. It is proposed to add two new functions to the original mandate: (1) manually paying Node Operator rebates and (2) supporting the operational execution of stVaults Rewards Share disbursements in accordance with the Reward Share Program 2026 (Revised). The changes in scope and process have been summarized below.

Node Operator Rebates

Following the Curated Module Fee Changes vote, to support near-term changes to the Curated Module V1 (CMv1) until the deployment and migration to Curated Module V2 (CMv2), a manual process is required to send rewards above the 3.5% Standard Operator reward rate to Node Operators in the Extra Effort and Client Team tiers. This manual processing of a portion of rewards would be necessary until the CMv2 migration is complete due to a technical limitation of CMv1. The Committee will be responsible for processing Node Operator reward allocation to Extra Effort and Client Team operators until this process is automated in CMv2.

stVaults

To support the Rewards Share Program in stVaults, this proposal expands Rewards Share activities to include stVaults.

Rewards share for stVaults will be determined (amounts and recipients) by the stVaults Committee. The stVaults Committee will provide the approved payout instructions the Rewards Share Committee for operational execution.

The Rewards Share Committee will be responsible for operationalizing payments, including disbursement from the Lido DAO Treasury to relevant recipients within the Committee's mandate and approved budget.

Budget & reporting

From 2026 onward, the Committee's budget for all activities is authorized via yearly EGG proposals submitted for approval to the DAO.

The Committee shall operate within the approved budget and mandate and shall report on these activities as part of the regular reports that the Lido Ecosystem Foundation files with the DAO.

Funds disbursement process

The Committee will use the same Easy Track setup to access stETH from the DAO Treasury, with a technical security limit of 3,000 stETH per year:

• TopUpAllowedRecipients: 0xbD08f9D6BF1D25Cc7407E4855dF1d46C2043B3Ea
• AddAllowedRecipient: 0x1F809D2cb72a5Ab13778811742050eDa876129b6
• RemoveAllowedRecipient: 0xd30Dc38EdEfc21875257e8A3123503075226E14B

Rewards Share disbursements for NO Rebates and stVaults can either be made by adding the recipients to the Rewards Share Easy Track or directly from the Committee's multisig address only to execute approved Rewards Share payments within the Committee's mandate and budget.

Committee Configuration

To better reflect the current needs of the Committee, it is proposed:

• to decrease quorum and number of participants from 4/8 to 3/5;

• to establish the following Committee composition:

  Participant	Address	New / Existing Participant
  Pipistrella	0x5da409e1cbDABeC67471dB01Ff956f804bb8879f	Existing
  K_G	0xC0DB9e34A47Ba42B6C17E6adae8f07d1Cb37C3d5	Existing
  Alex_L	0xb339918e75664a07bb650513427559920c0a0f6c	Existing
  Armin	0x8ecd93982FfbB2f937ADa6c6e50d1950974081C0	New
  Willem H	0x28939ef21690Fe8358E93d661d1ce6d7fA9154F3	New

  • Departing participants: adcv, robingop, skelkneko, zuzu_eeka

Signers act as committee participants for operational execution and do not represent or bind the DAO outside the DAO-approved mandate.

Next Steps

If the Snapshot vote passes, the updated version of the Rewards Share Program incorporating the described changes for the NO Rebates and stVaults, will be adopted, and the Rewards Share Committee will undergo a signer rotation, with updated threshold and quorum parameters.