LEGO: Proposal to continue LEGO for Q1 2022

The second quarter of LEGO has come to an end and it’s time to vote on the continuation of the program.

By continuing with LEGO through Q1 2022, we aim to continue the growth of LEGO and fund developments that benefit Lido, the liquid staking industry, and the greater ecosystem surrounding this.

For the coming 3 months, we propose the following changes to how LEGO is structured to enhance the intensity and efficiency of the program:

• Transfer of management of LEGO budgets to EasyTrack, setting a yearly budget as opposed to a quarterly budget to improve the efficiency of LEGO allocations.

• Top up LEGO multisig to 240,000 LDO by sending 130,039.88 LDO from the treasury.

• Keep the current LEGO council as an entity that gets to decide on boulders and helps prepare mountain-sized grants.

• The change of sums for grants to be 333 for sandgrain, 3,333 & 33,333 rai. The justification for this is that we currently have lower thresholds, and it makes operations harder. We want to utilize the grant program more, and this change would help the committee with reaching this goal.

The LEGO program is growing and has helped expand the utility of Lido across the space. Amongst other things, we look forward to seeing the launch of liquid staking on Polygon, Polkadot + Kusama and other things which bring direct value to Lido.

Full proposal here.