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.