According to Foresight News, Lido posted that the dual governance explainer has been posted to the Lido forum, and the temperature check snapshot vote will go live on April 18. If the vote passes, the testnet is expected to be deployed in the third quarter and the mainnet in the fourth quarter. Dual governance allows stETH holders to postpone any proposed changes to the Lido protocol in the worst case until they fully withdraw ETH from the protocol. The goal of dual governance is to prevent LDO holders from changing the social contract between the protocol and stETH holders without consent.
Foresight News previously reported in July 2023 that according to Decrypt, Lido DAO contributor Marin Tvrdić said during the EthCC event that Lido DAO members are pushing for a dual governance model that would give Lido users, including those who stake Ethereum and hold stETH, a veto over governance proposals approved by LDO holders.
