Critical Updates for wstETH and DAI on Starknet
Critical Updates for wstETH and DAI on Starknet
馃毃 Starknet Token Drama Unfolds
Two important protocol changes are happening on Starknet:
1. wstETH Off-boarding
- Network Expansion Committee is off-boarding wstETH due to irreversible non-upgradeability
- No funds at risk, token remains functional
- Caused by governance role transfer error
2. DAI Migration Required
- Current Starknet DAI will stop working after Regenesis upgrade
- Users must take action before upgrade:
- Transfer to Ethereum L1 via Starkgate (available now)
- Use upcoming Layerswap migration tool (within 10 days)
- No funds at risk, only affects Starknet version
Stay vigilant against scams and use official platforms only.
Off-Boarding wstETH on Starknet 馃毃 The Network Expansion Committee (NEC) has decided to off-board wstETH on Starknet. No funds are at risk, and the token remains fully functional, so holders of wstETH on Starknet are not affected. 馃憞
Lido DAO April Governance Update: 5 Key Votes Now Live
**Key Mainnet Vote:** - Oracle consensus versions update and CS Verifier Contract preparation for Pectra Hardfork **Four Snapshot Proposals:** - CSM Parameters Adjustment for v2 preparations - Extension of Delegate Incentivization Program (Q2-Q4 2025) - Twyne application for Lido Alliance membership - Liquidity Observation Lab Easy Track limits increase Voting Period: - Aragon: Until April 26, 2 PM UTC - Snapshot: Until April 28, 4 PM UTC [Cast your vote here](https://vote.lido.fi/vote/185)
Lido Announces Permissionless Module Launch
Lido Finance is expanding its staking capabilities with a new permissionless module. This development marks a significant step towards democratizing Ethereum staking. - The module will enable home staking without requiring permission - Implementation expected in early 2025 - Aims to make staking more accessible to individual validators This update aligns with Lido's mission to simplify staking processes while maintaining decentralization. Users interested in becoming validators should monitor Lido's official channels for launch details.
Lido Analytics Weekly Report: December 2-9, 2024
**Key Metrics:** - TVL increased 8.21% to $39.46b, driven by token price growth - 14,880 net ETH staked via Lido protocol - stETH 7-day APR rose to 3.03% (+15 basis points) - (w)stETH trading volume up 61.27% to $2.38b **DeFi Activity:** - Collateral markets: 3.06m stETH (+2.87%) - Liquidity pools: 95.2k stETH (+16.14%) - Restaking: 1.55m stETH (+3.51%) **Multichain Status:** Total bridged wstETH at 178,848 (-0.21%) Notable changes: - BNB: +302.98% - zkSync: -30.68% - Starknet: -22.88%
One Month of Community Staking Module (CSM): Performance Review
After one month on mainnet, Lido's Community Staking Module (CSM) shows promising results: - 214 new permissionless operators onboarded - 80% growth in total operators (265 to 479) - 0.4% of Lido's TVL now managed by CSM operators **Performance Metrics:** - 99.2% of validators met performance threshold - 99.4% attestation inclusion rate - Only 2.2% operators missed rewards distribution Currently in Early Adoption mode with 1.5 ETH bond requirement for first validators. Full permissionless mode planned for coming months. Second round of CS grants launched to support tooling development.
Aave V3 Governance Vote: wstETH Integration on BNB Chain
A governance proposal to integrate Lido's wstETH into Aave V3 on BNB Chain is currently open for voting. This follows recent successful integrations including Renzo Protocol's ezETH on the Aave v3 Lido Instance. Key Points: - Proposal aims to expand liquid staking options on BNB Chain - Follows trend of increasing cross-chain staking integrations - Community participation crucial for protocol development Voting is now live on the Aave governance portal.