Lido DAO Votes To Appoint Entity to Respond To Pending Class Action Litigation

The post Lido DAO Votes To Appoint Entity to Respond To Pending Class Action Litigation appeared first on Coinpedia Fintech News

In the after-events of a class-action lawsuit filed against Lido DAO in the United States,  the Ethereum staking service has recently started voting to appoint an entity to respond to the pending class-action litigation. The voting went live on snapshot.org, gaining significant traction across the broader market. The proposal suggests authorizing Dolphin CL, LLC to file a motion to dismiss the class-action suit. However, Dolphin CL will not serve as the general representative or proxy of Lido DAO and will only file a motion on its behalf. 51 million voted yes, amounting to 100% of total votes.