According to online reports, as the governance DAO of Ethereum's largest liquidity pledge agreement, Lido currently manages more than a quarter of Ethereum pledges. The organization recently decided by a near-unanimous vote to grant pledgers the power of delay or veto in governance decisions. This "dual governance" mechanism is designed to prevent situations where Lido's token holders (currently the only group with the power to create and pass Lido DAO governance proposals) propose and pass proposals that could have a negative impact on pledgers or Ethereum itself. Under the new mechanism, Lido's pledgers (i.e., users holding stETH tokens) can object to the DAO proposal by depositing stETH into an escrow contract. If at least 1% of Lido's total pledged ETH is deposited into the escrow contract, the proposal will be delayed for 5 days, and the delay time will increase further as the amount of stETH deposited increases.