Unchained
Unchained
Laura Shin
Does Lido's Dual Governance Now Make It the Safest Place to Stake ETH? - Ep. 860
57 minutes Posted Jul 1, 2025 at 4:00 pm.
Intro
What problem Lido’s new governance model is actually solving
How dual governance works—and why it’s such a big shift
Why Hasu says this changes everything for Lido
What the team had to weigh when designing the system
How Lido built in resistance to attacks
Whether this system weakens the value of the LDO token
How they’re thinking about fixing DeFi’s voter apathy problem
Whether institutions will see this as a positive sign and embrace stETH
How this compares to Sky’s “emergency shutdown”—and whether DeFi will follow suit
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57:41
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Show notes
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Lido just rolled out one of the most ambitious governance overhauls in DeFi: a dual governance system designed to give power back to stakers—and make it harder for malicious proposals to pass.
But what does it actually do?
And could it make Lido the safest place to stake ETH?
Hasu, a strategic advisor at Lido, and Lido co-founder Vasiliy Shapovalov join Unchained to break it all down.
How the dual governance model works
Whether this dilutes LDO token value
What this means for DeFi, and if others will follow
Whether this might get institutions off the sidelines
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Bitwise
Guests:
Hasu, Strategic advisor to Lido and Strategy lead at Flashbots.
Vasiliy Shapovalov, Co-founder of Lido
Unchained: Lido DAO Enables Dual Governance, stETH Holders Can Trigger ‘Rage-Quit’ Mode
Learn more about the topics discussed:
How Liquid Staking Works
What Are Externally Owned Accounts (EOAs) in Ethereum?
What Is Multi-Party Computation (MPC) and How Does It Work on Blockchains?
What Is Distributed Validator Technology?
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