Lido DAO has passed the “On-chain Delegation and Representative Incentive Program”

On August 27th, according to the official blog, Lido DAO has introduced an "on-chain delegation and representative incentive plan" through Vote178 and Snapshot voting. The plan establishes a public representative platform, simplifies governance processes, increases participation and decision transparency. The pilot representative incentive plan, which lasts for six months, will provide a total of $150,000 worth of LDO tokens to incentivize active representatives who meet the criteria. Token holders retain full control over voting and can override representative decisions.

The plan will launch on September 19th Beijing time and continue until March 18th, 2025. Eligible representatives must have over 2 million LDO delegated on Aragon and Snapshot, and can receive up to $15,000 worth of LDO rewards every three months. To ensure the smooth operation of the system, a representative supervision committee will be established to evaluate representative performance and distribute incentives.