Lido approves revised block-proposer and reward policy

What happened

Lido tokenholders approved version 3 of the Standard Node Operator Protocol for block proposals, replacing the prior proposer-rewards policy.

What changed

The revised policy expands coverage across staking modules, formalizes allowed Auxiliary Proposer Mechanisms, updates proposer and fee-recipient responsibilities, and specifies module-level consequences for non-conformance.

What did not change

The vote did not approve any particular new APM, alter withdrawal contracts, or prove that every node operator had implemented the revised requirements.

Confirmed

• Node operators must direct relevant fees to the Lido Execution Layer Rewards Vault.
• Operators may use only community-vetted mechanisms on the APM Allowed List.
• The policy expands beyond the original Curated Module context.
• The policy describes consequences that vary by staking module.

Still open

• The effective implementation and operator-attestation process.
• The current APM Allowed List and future committee changes.
• Monitoring, detection, and enforcement of non-conformance.
• The realized effect on proposer rewards, censorship resistance, and operational diversity.

What it means for an advisor

• Update the Lido memo's proposer-reward, MEV, APM, and node-operator compliance controls.
• Monitor allowed-list changes and enforcement evidence; policy approval alone does not establish operator compliance.