growth,” Lido has centered the proposal around offering rewards for stETH participants who used Lido.And this would be gotten from the Decentralized Autonomous Organization’s 5% share. However, the project noted that the approval would not be immediate. Instead, it will pass through three phases including onboarding, reward share, and offboarding. Lido noted,
“The program is designed to have limited rewards pools, gradual payouts, a fixed duration that the DAO shares with participants, and filtering for program abuse.” Furthermore, Lido pointed out that rewards would not be evenly distributed. Instead, it would depend on the ETH share that participants staked on the protocol. The now-approved proposal mentioned,
“The amount of rewards-share from the DAO is tier-based, determined by the total cumulative ETH staked by the participant and/or by users via participants’ products and services. A participant’s starting tier will be determined by the amount of ETH originating from a participant’s products and services prior to their enrollment in the program.”
But there were other notable highlights including terms for disqualification and dedication. Those who have unstaked, or sold stETH on centralized and decentralized exchanges do not qualify.
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