Lido Proposes a Bold Governance Model to Give stETH Holders a Say in Protocol Decisions

Lido Finance, Ethereum’s largest liquid staking platform by locked value, has introduced a proposal that grants staked ether (stETH) holders direct voting power alongside existing DAO tokenholders.The upgrade, dubbed Lido Improvement Proposal (LIP) 28, outlines a dual governance system allowing stETH holders — those who stake ETH via Lido and receive a liquid token in return — to participate in a veto mechanism on key protocol decisions. Currently, only holders of LDO, Lido’s governance token, have a say in how the protocol evolves.Under the new system, stETH holders could veto certain proposals approved by LDO tokenholders, though the veto would not enable them to push proposals through unilaterally source: https://www.coindesk.com/tech/2025/05/10/lido-proposes-a-bold-governance-model-to-give-steth-holders-a-say-in-protocol-decisions