What is the governance model of Lido DAO?

The governance model of Lido DAO is based on a decentralized autonomous organization (DAO) that is built on the Ethereum blockchain.

The DAO is designed to provide a secure and transparent platform for users to manage their digital assets. The Lido DAO governance model consists of three main components: the token holders, the validators, and the developers. Token holders are responsible for voting on proposals and decisions made by the DAO.

Validators are responsible for verifying transactions and ensuring that all rules are followed. Developers are responsible for creating new features and improving existing ones. The token holders have full control over the direction of the project, as they can vote on proposals and make decisions about how funds should be allocated.

They also have the power to decide which validators should be allowed to join the network, as well as which developers should be hired to work on projects. The validators are responsible for verifying transactions and ensuring that all rules are followed. They also help maintain network security by preventing malicious actors from taking control of the network or manipulating it in any way.

Finally, developers are responsible for creating new features and improving existing ones. They can also suggest changes to existing protocols or create entirely new protocols if needed. All changes must be approved by token holders before they can be implemented into the network.