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Lido just rolled out one of the most ambitious governance overhauls in DeFi: a dual governance system designed to give power back to stakersāand make it harder for malicious proposals to pass.
But what does it actually do?
And could it make Lido the safest place to stake ETH?
Hasu, a strategic advisor at Lido, and Lido co-founder Vasiliy Shapovalov join Unchained to break it all down.
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How the dual governance model works
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Whether this dilutes LDO token value
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What this means for DeFi, and if others will follow
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Whether this might get institutions off the sidelines
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Timestamps:
š¬ 0:00 Intro
š§© 2:07 What problem Lidoās new governance model is actually solving
āļø 7:33 How dual governance worksāand why itās such a big shift
š 15:32 Why Hasu says this changes everything for Lido
š§ 22:20 What the team had to weigh when designing the system
š”ļø 30:26 How Lido built in resistance to attacks
š 32:02 Whether this system weakens the value of the LDO token
š³ļø 38:58 How theyāre thinking about fixing DeFiās voter apathy problem
š¦ 45:29 Whether institutions will see this as a positive sign and embrace stETH
š 48:01 How this compares to Skyās āemergency shutdownāāand whether DeFi will follow suit
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