利多（Lido）提出的“雙重治理”模型，使斯特斯霍德（Steth Holders）能夠挑戰LDO的決策，這表明在Defi治理中向用戶增強權力的關鍵轉變。

Lido, stETH, and Governance: A New Era of Shared Power?

裡多（Lido），斯特斯（Steth）和治理：共同權力的新時代？

The world of DeFi governance is about to get a whole lot more interesting. Lido DAO is on the cusp of potentially revolutionizing its governance model, giving stETH holders a real voice. This could be a game-changer, so let's dive in!

Defi治理的世界將變得更加有趣。麗多道（Lido Dao）處於潛在地改變其治理模式的風口浪尖，使史絲·霍爾德（Steth Holders）具有真實的聲音。這可能是改變遊戲規則的人，所以讓我們潛入！

Lido's Proposed 'Dual Governance': Power to the stETH Holders

裡多（Lido

Lido DAO is considering a 'Dual Governance' system that would empower stETH holders to challenge decisions made by LDO token holders. Imagine a scenario where stETH users can actually delay the execution of DAO proposals they deem problematic. That's the power this new system aims to provide.

Lido Dao正在考慮一種“雙重治理”制度，該制度將使Steth Holders挑戰LDO代幣持有人做出的決定。想像一個場景，STETH用戶實際上可以延遲他們認為有問題的DAO建議的執行。這就是這個新系統旨在提供的力量。

This isn't just some simple timelock. Lido's approach dynamically extends the waiting period based on the level of opposition a proposal faces. If a significant chunk of stETH holders raise concerns, delays could stretch up to 45 days! That's ample time for users to make informed decisions and, if necessary, exit before a change takes effect.

這不僅僅是一些簡單的時間表。利多的方法根據建議面對的反對派水平動態擴展了等待期。如果大量的斯特斯持有人引起了人們的關注，延遲可能會延長45天！這是用戶做出明智決定的充足的時間，並在必要時退出更改之前退出。

Why This Matters: Addressing Liquidity Concerns

為什麼這很重要：解決流動性問題

One of the biggest challenges in liquid staking is giving users enough time to react to governance actions, especially when ETH withdrawal queues can take weeks. This flexible approach is designed to address that head-on. It's about finding the right balance between trust and liquidity in DeFi governance.

液體蒸發中最大的挑戰之一是給用戶足夠的時間來應對治理行動，尤其是在ETH退出隊列可能需要數週的時間時。這種靈活的方法旨在直接解決該方法。這是關於在辯護治理中找到信任和流動性之間的適當平衡。

stETH: More Than Just a Token

斯特斯：不僅僅是一個令牌

stETH, Lido Finance's liquid staking token, represents staked Ethereum (ETH). It allows holders to earn staking rewards while maintaining a liquid, tradable asset. With a massive TVL, stETH is a major player in the Ethereum staking ecosystem.

Lido Finance的液體含有代幣的Steth代表了以太坊（ETH）。它允許持有人在維持液體可交易的資產的同時獲得積分獎勵。斯特斯（Steth）憑藉大量的TVL，是以太坊Stating生態系統的主要參與者。

stETH and Institutional Lending: A Growing Trend

斯特斯和機構貸款：增長的趨勢

The integration of stETH into institutional lending platforms, like the partnership between Maple Finance and Lido, is a significant trend. Institutions are now using stETH as collateral for stablecoin loans, unlocking liquidity without sacrificing staking rewards. This is a win-win, allowing for efficient treasury management and capital deployment.

將斯特斯（Steth）集成到機構貸款平台中，例如楓樹金融與利多爾（Lido）之間的伙伴關係，是一個重大趨勢。現在，機構正在使用Steth作為Stablecoin貸款的抵押品，在不犧牲Stick Rewards的情況下解鎖流動性。這是雙贏，允許有效的國庫管理和資本部署。

Maple Finance: Bridging the Gap

楓樹金融：彌合差距

Maple Finance is playing a key role in this evolution by accepting stETH as collateral. This provides institutions with a seamless solution for accessing liquidity while keeping their core assets productive. It's all about making DeFi more accessible and efficient for institutional players.

Maple Finance通過接受Steth作為抵押品在這一進化中發揮了關鍵作用。這為機構提供了一種無縫解決方案，可在保持其核心資產富有成效的同時獲得流動性。這一切都是為了使Defi對於機構參與者更容易訪問和高效。

The Bigger Picture: DeFi's Maturation

更大的局面：Defi的成熟

This shift towards shared governance and the integration of liquid staking tokens into institutional finance highlights the increasing maturity of the DeFi space. We're seeing a move towards more sophisticated and user-centric governance models, as well as the growing acceptance of DeFi by traditional financial institutions.

向共同治理的轉變以及將液體佔有代幣融入機構金融的轉變突出了偏移空間的成熟度的日益增加。我們正在看到朝著更複雜和以用戶為中心的治理模型以及傳統金融機構對Defi的日益接受的轉變。

My Take: A Positive Step, But Vigilance is Key

我的看法：積極的一步，但警惕是關鍵

Personally, I think this is a positive step towards a more balanced and user-friendly DeFi ecosystem. Giving stETH holders a voice is crucial for ensuring that governance decisions are aligned with the interests of the broader community. However, it's essential to remain vigilant and ensure that this new system is implemented effectively and doesn't create unintended consequences. After all, with great power comes great responsibility... and the potential for some serious drama!

就我個人而言，我認為這是邁向更平衡和用戶友好的自我生態系統的積極步驟。給史絲·霍爾德的聲音對於確保治理決策與更廣泛的社區的利益保持一致至關重要。但是，必須保持警惕，並確保該新系統有效地實施，並且不會產生意想不到的後果。畢竟，擁有強大的力量帶來了巨大的責任……以及一些嚴肅的戲劇的潛力！

The proposed system has been stress-tested, including simulations involving flash loans. Wrapped versions of stETH used in yield strategies aren’t eligible to vote directly, but can be withdrawn to gain voting rights.

提出的系統已進行了應力測試，包括涉及閃光貸款的模擬。在收益策略中使用的包裝版本的steth版本沒有資格直接投票，但可以撤回以獲得投票權。

By effectively decoupling voting power from execution authority, Lido aims to resolve the long-standing dilemma between trust and liquidity in DeFi governance. The model has already gained early approval in a Snapshot vote and, if passed on-chain, could inspire similar frameworks across other decentralized protocols.

利多（Lido）有效地將投票權與執行機構脫在一起，旨在解決在辯護治理中的信任和流動性之間的長期困境。該模型已經在快照投票中獲得了早期批准，如果通過鏈，可以激發其他分散協議的類似框架。

Final Thoughts: The Future is Decentralized (and Hopefully, More Balanced)

最終想法：未來是分散的（希望更平衡）

So, what does all this mean? It means that the future of DeFi governance is looking brighter, with more power in the hands of the users. It's a wild ride, but I'm here for it. Let's see how this 'Dual Governance' system plays out – it could be the start of something truly special. And hey, even if it's not, at least we'll have some good drama to watch unfold!

那麼，這意味著什麼？這意味著Defi治理的未來看起來更加明亮，用戶手中的力量更大。這是一次瘋狂的旅程，但我在這裡。讓我們看看這個“雙重治理”系統的效果 - 這可能是真正特別的事情的開始。嘿，即使不是，至少我們會有一些好的戲劇來觀看！