Lido DAO - Vote #194 - 15–20 December 2025
Lido governance is voting on whether to activate Lido V3 Phase 1 (Soft Launch) on Ethereum mainnet, as outlined in the onchain vote announcement on X (source). Mechanically, this vote would switch the protocol to the new V3 architecture in a controlled rollout, which is intended to upgrade how staking modules and validators are managed. While no direct LDO tokenomics change is specified, major upgrades can influence future protocol scalability, risk profile, and staking inflows, which in turn affect fee revenues tied to Lido’s market share. Speculation and positioning are likely to cluster around the main voting phase deadline on 18 December 2025.Governance Update: Lido V3 Mainnet ReleaseThe onchain vote to activate Lido V3 Phase 1 (Soft Launch) on mainnet is now live.This proposal marks a major milestone in the evolution of the Lido protocol.