LEGO is the Lido Ecosystem Grants Organisation. Our mission is to grow the greater liquid staking ecosystem through fast and unimpeded grants to developers on a mission.
We strive to fund individuals, projects and initiatives which benefit both Lido and/or the surrounding space while maintaining efficiency and accountability for big developments.
The mission of the Lido Ecosystem Grants Organization (LEGO) is to provide valuable resources to contributors who help to improve Lido and the liquid staking space.
By rewarding talent early with developer incentives, bounties, and infrastructure support, LEGO acts as a catalyst for growth and helps to maintain Lido as a leading and most useful liquid staking protocol in the whole space.
The goal of LEGO is to allow fast and unimpeded resolutions on small-sized grants while maintaining efficiency and accountability for big developments. The program starts small but will grow over time.
To apply for a LEGO grant, please follow the process outlined here: LEGO: How Can I Apply?
For an overview of open grant opportunities, go here.
These are opportunities that have been identified as relevant and of importance to the Lido community and will be prioritized amongst applicants. Any application is of interest and suggestions not aligned with the open initiatives in the doc above are also of interest.
LEGO is built up around 2 unique segments - LEGO Council & LEGO Nominees.
a. LEGO Council
The LEGO Council is comprised of the founding LEGO partners. The LEGO Council is comprised of 6 individuals with a range of backgrounds and experience, each responsible for a specific segment of Lido.
Each LEGO Council member has significant autonomy over grants up to boulder size, as long as they stay within the allotted budget, but will have to clear mountains and overdrafts with the main governance body. All LEGO Council members are equal in power and workload, but have different specialties (e.g. there’s a BI-focused LEGO person, incentive programs-focused LEGO person, etc).
The LEGO Council:
- @vshvsh - General, Tech
- @kethfinex - Admin, Community
- @kadmil - DeFi Integrations
- @skozin - Ethereum Liquid Staking
- @katernoir - Validation Tech
- @timbeiko - Ethereum Ecosystem alignment
The LEGO Council determines the details of LEGO applications/grants, specifically classification and associated funding/costs. If you are interested in pursuing a grant (either open/outlined below or novel) contact the relevant LEGO committee member to introduce yourself, the topic and your plans for it.
b. LEGO Nominees
The LEGO Nominees is an expansion of LEGO to 20 individuals who manage personal allocations (up to 10,000 LDO) with the ability to approve pebble-sized grants to developments which they find to be of benefit to Lido/the industry.
- Felix Lutsch
- Eugene Pshenichniy
- Georgios Konstantopoulos
- Isidoros Passadis
- Will Harborne
- Kai Tiurin
For an in-depth overview of LEGO members, their areas of expertise, and their personal grant allocations, visit LEGO Members.
c. Committee Compensation
We propose every LEGO committee member be compensated 35 LDO/hr capped at 20 hours/week unless they agree to operate pro bono. This compensation, along with the budget, will be allocated to the LEGO multisig from the Lido treasury. In keeping with the committee’s commitment to the community, compensated hours and duties will be logged publicly and transparently.
LEGO Grants are sorted into four different piles according to expected size and impact:
- Sand grains: can be handled by a single LEGO committee member out of their personal budget as they see fit.
- Pebbles: require a second LEGO committee member to agree to the grant approval and participate in the evaluation of the results.
- Boulders: require majority approval of the LEGO committee.
- Mountains: should be applied for using a regular governance process.
If a LEGO committee member exhausts his or her individual quarterly budget, they can still propose to the full committee that sand grains and pebbles receive grants out of the shared portion of the budget, but will need to obtain approval of a majority of the LEGO committee members. If the committee runs out of a shared budget, they can request an extension from the governance.
The LEGO Council will determine the fair evaluation of the costs of funding for a grant application. The funding costs will be correlated to the classification of the grant application, larger-sized applications will be funded more than smaller-sized applications.
This category combines all contributions that are nice to have, yet not detrimental, whilst also not being too costly and whose quality can be easily evaluated by a single person.
An improvement is a sand grain if:
- it is something nice to have for Lido
- it’s no big deal if it doesn’t get delivered at all
- grant won’t cost Lido more than 330 RAI (~$1,000)
- it can be specced and evaluated by a single person in the course of two days in total
Example: A Dune Analytics dashboard that compares day-over-day deposits of various liquid staking protocols.
Pebbles are non-critical, small things that are beneficial for Lido but not so trivial to call a sand grain.
An improvement is a pebble if:
- it doesn’t fit into a sand grain
- it’s not a big deal if it gets delayed or abandoned to a different contributor
- it won’t cost Lido more than 3,300 RAI (~$10,000)
- it’s a few days total across a few persons to spec and evaluate at most
Example: A StakingRewards-like smart contract that would allow for incentivising stETH deposits into Maker.
Boulders are big, important things that are imperative to be carried out by experts and thoroughly evaluated by core contributors.
An improvement is a boulder if:
- it doesn’t fit into a pebble
- it should be delivered on time and with good quality
- it should be supported by Lido over a long period of time
- it won’t cost Lido more than 33,000 RAI (~$100,000), excluding audits
- spec and evaluation alone are significant undertakings
- it requires an external audit
Example: An implementation of withdrawal protocol for stETH.
Mountains are critical improvements to Lido that have a significant impact on its growth, security, operations, etc.
An improvement is a mountain if:
- it doesn’t fit into a lake
- it offers a significant change in growth, security or operations of Lido
Example: Development of a liquid staking protocol for Polkadot.
The LEGO Council will have a max quarterly aggregate budget of up to 240,000 LDO, divided into the following:
- 15,000 LDO for each LEGO Council member;
- 10,000 LDO for each LEGO Nominee;
- 150,000 LDO of shared budget for the full LEGO Council voting as a body;
Budget and caps are reassessed on a quarterly basis. While the goals and priorities of the grant program will be thoroughly discussed and reviewed by the community through public discourse, the decision to start LEGO by operating as a small committee is to ensure that the application and decision process will be efficient and predictable, so applicants have clear objectives and timely decisions.
For an overview of how the LEGO budget has been allocated, visit lego.lido.fi/txs.
LEGO maintains a list of bounties (things that are nice to have for Lido, along with an estimated class), and a list of ongoing grants in this spreadsheet.
If you have an idea that would like to be funded that is not on the bounties list, contact a LEGO committee member who is on point for your idea.
They will talk to you about your contribution and help you to fill out the application, which will consist of answers to the following questions:
- Title: What is the grant application about?
- Author(s): Who will be working on the proposal?
- Purpose: How will it aid the Lido ecosystem? Why is it important?
- Perceived classification: What do you think the classification should be?
- Summary: A brief summary of the grant application
- Details: Detailed description of the grant application, timelines, expenses estimates, grant payment schedule.
If it’s a sand grain or pebble, it’s likely you will get a grant quickly and efficiently. For boulders and beyond you’ll have to work with the committee and/or larger Lido governance, which takes time and effort.
[![Supported by LEGO](https://img.shields.io/badge/Supported%20by-LEGO-%2300A3FF)](https://www.notion.so/LEGO-Lido-Ecosystem-Grants-Organisation-d7f0bf0182d44348b6173639d2e8363d)