Lido files Blockworks B2 transparency report with 7 gaps still open

Lido DAO has filed a B2 Token Transparency Filing with Blockworks, a structured disclosure of how the protocol works, who controls it, and where its tokens went. The filing, version 2.2, went in on October 15, 2026. It is not finished. The filing carries a partial status, with seven gaps still open. What Lido disclosed, and what it didn’t The seven missing pieces involve core categories. According to the research findings, they relate to the project description, governance, token supply, and allocations. Lido did, however, go beyond the minimum in one area. It voluntarily attached an income statement covering the first half of 2026. That statement shows $15.94 million in net revenue. It also lists $14.33 million in expenses for the foundations that support the protocol. The math leaves the protocol ahead by about $1.61 million for the period. A week after the filing, on October 22, 2026, Blockworks publicly highlighted Lido’s submission. The outlet framed the protocol as a leader in transparency standards among mature protocols. How Lido and LDO actually work Lido lets anyone stake ETH and get stETH back. That token represents the staked ETH plus the rewards it earns, and users can...