In this episode of Unchained, Laura Shin interviews Hasu and Vasiliy Shapovalov from Lido about their recently passed dual governance proposal. The discussion covers the problems with the old Lido governance model, the mechanics of the new dual governance system which introduces a dynamic time lock, and the motivations behind choosing specific percentages and timeframes for the new system. They also explore the potential ramifications of this change, including increased security, broader appeal to institutions, and the possibility of this model influencing other DeFi protocols. The conversation further explores how the design came about, measures taken to resist attacks, voter apathy, and the eligibility of wrapped versions of staked ETH to vote.
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