Is Lido DAO decentralized?

Could you please elaborate on the decentralization aspect of Lido DAO? I'm curious to understand how its governance structure and decision-making processes align with the principles of decentralization. Is Lido DAO truly decentralized, or are there certain centralized elements that might influence its operations? I'm also interested in knowing if the DAO relies on a diverse and decentralized community of participants or if it's dominated by a few individuals or entities. Thank you for your clarification.