Kiln Exits All Ethereum Validators Following Solana Incident Investigation
Kiln Exits All Ethereum Validators Following Solana Incident Investigation
🚨 Kiln's mass exodus
Kiln takes precautionary action following SwissBorg Solana incident investigation
- All Ethereum validators exiting: Kiln began orderly exit of ETH validators, including Lido protocol validators
- No user action required: stETH holders don't need to do anything
- Timeline: Exit and withdrawal process expected to take 15-45 days
- Gradual return: ETH will flow back into protocol once validators complete exit cycle
The move is described as a precautionary measure to safeguard client assets across all networks where Kiln operates validators.
Following an investigation yesterday regarding a Solana incident involving SwissBorg, Kiln has decided to take precautionary measures to safeguard client assets across all networks it runs validators in. As part of this response, Kiln today began the orderly exit of all of its
1/10 🧵 Following our announcement yesterday regarding the Solana incident involving SwissBorg, Kiln is taking additional precautionary measures to safeguard client assets across all the networks. kiln.fi/post/kiln-resp…
🏦 Lido Goes Institutional
**Lido Poolside Community Call** shifts focus to institutional territory on **October 16th**. The discussion will cover: - **Ethereum ETFs and ETPs** - institutional investment vehicles - **Future of Lido Core** - deep dive into protocol development What started as Node Operator conversations now expands to broader Ethereum discussions with builders, researchers, and contributors. [Register here](http://luma.com/xtueo7ym) and mark your calendars.
Hex Trust Adds Custody Support for Lido's stETH
**Hex Trust** now offers custody services for **Lido's stETH**, enabling institutional clients to access Ethereum staking rewards while maintaining liquidity. **Key benefits:** - Hold and deploy stETH within Hex Trust's platform - Earn Ethereum staking rewards - Retain liquidity for trading and operations This integration simplifies institutional staking by combining secure custody with liquid staking benefits. Institutions can now participate in Ethereum staking without locking up their assets. [Read more details](http://blog.lido.fi/hex-trust-adds-custody-support-for-steth-via-the-lido-protocol)
Ethereum Merge Anniversary: Three Years of Proof-of-Stake
**Three years ago today**, Ethereum completed its historic transition from Proof-of-Work to Proof-of-Stake in what became known as "The Merge." **Key achievements since the transition:** - 99.9% reduction in energy consumption - 100% network uptime maintained - Foundation laid for today's scalable infrastructure The Merge represented one of the largest technical upgrades in blockchain history, moving the entire Ethereum network to a more sustainable consensus mechanism without any downtime or disruption to users.
Lido GGV Reaches $50M TVL Milestone
**Lido's GGV protocol has crossed $50 million in Total Value Locked (TVL)** just two days after its recent milestone. This achievement comes months after Lido hit an all-time high of **$41 billion in TVL** back in August, demonstrating continued growth in the staking ecosystem. The rapid TVL accumulation in GGV shows strong adoption of Lido's expanded staking services beyond their core Ethereum offering.
Lido Stakers Earn $20M in Weekly ETH Rewards
**Lido stakers collected 4,647 ETH in rewards** last week, worth approximately $20 million. This represents a slight increase from the previous week's 4,467 ETH payout, though the dollar value dropped from $23.3 million due to ETH price fluctuations. **Key highlights:** - All rewards distributed in staked ETH - Consistent weekly reward distribution - Total rewards reflect network staking activity The steady reward flow demonstrates Ethereum's proof-of-stake mechanism working as designed, providing regular income for network validators.