Lido approves the stVaults Committee and delegated parameter authority

What happened

Lido approved a 3-of-5 stVaults Committee intended to configure reserve ratios, operator tiers, DAO fees, and certain bad-debt compensation decisions through Easy Track.

What changed

The DAO approved a delegated control body and defined its intended authority over material stVault economic and risk parameters.

What did not change

The committee's stVault authority was not yet operative because the V3 system and enabling on-chain actions had not been executed.

Confirmed

• The approved committee address was 0x18A1065c81b0Cc356F1b1C843ddd5E14e4AefffF.
• The approved signing threshold was 3-of-5.
• The mandate included reserve ratios, tier grids, DAO fees, and complex bad-debt compensation decisions.
• Proposed committee actions were subject to Easy Track and tokenholder objection.

Still open

• The final on-chain permissions and Easy Track factories had not yet been executed.
• The limits on discretion in complex slashing and bad-debt cases required reconciliation to deployed code.
• Committee monitoring, conflict management, and replacement performance remained untested.

What it means for an advisor

• Add the committee multisig and Easy Track objection path to Lido's control map before V3 execution.
• Verify that deployed permissions match the approved mandate and cannot bypass DAO review.
• Review how committee-directed reserve and bad-debt decisions could affect stETH liquidity or loss allocation.