Lido to Move to a Two-Phase Voting Governance Model with a Conventional Voting Phase and an Objection Phase

Liquidity staking protocol Lido Finance announced that it will move to a two-phase voting governance model. On-chain voting in the Lido DAO is divided into two parts, lasting a total of 72 hours. The first part is the conventional voting phase, which lasts 48 hours and allows anyone with $LDO to vote 'for' or 'against'. The second part is the objection phase, which lasts for 24 hours, when $LDO holders can only vote 'against' or change their vote from 'for' to 'against'. This schema prevents the specific scenario of “last block vote hijack”. Even if the votes sent in the last block before the end of the regular voting phase changes the result of the vote to 'for', Lido DAO members have the 24-hour objection phase to vote against.