Lido Analytics Weekly Report: December 2-9, 2024

**GGV deposits are back online** after scheduled maintenance on Lido Earn platform. - New deposits are now **fully enabled** following temporary suspension - Withdrawals remained functional throughout the maintenance period - GG token holders continued earning rewards during downtime The maintenance window lasted several hours but caused minimal disruption to existing stakers. Users can now resume normal deposit activities on the platform.

Lido's October governance voting is now live with **two key proposals** running until October 22, 4PM UTC. **Proposal 1: Bridge Partnership Leadership** - Transfers bridge-related partnership management from Network Expansion Committee to Lido Ecosystem Foundation - Aims to streamline partner engagement as bridge partnerships evolve beyond technical implementation - Focuses on strengthening competitiveness and resilience **Proposal 2: SNOP Policy Update** - Updates Standard Node Operator Protocol to version 3 - Integrates Triggerable Withdrawals Framework - Aligns with recent updates to definitions, scope, and node operator responsibilities Both proposals address operational improvements to Lido's infrastructure and governance processes. [Vote on Snapshot](http://snapshot.box/#/s:lido-snapshot.eth)

**Chorus One** leverages Lido V3 stVaults to create institutional-grade ETH staking products that balance yield, liquidity, and operational control. **Two Strategic Approaches:** - **Vanilla staking** for predictable yield generation - **Looped staking** to compound rewards through DeFi integrations **Key Benefits of stVaults Integration:** - Alignment with Lido governance and architecture - Robust risk controls with transparent auditability - stETH liquidity advantages and ETH-based liquidation oracles - Full autonomy to design, deploy, and manage vaults independently Chorus One is currently **testing both strategies on testnets** to validate performance and security. All new smart contract audits will be made public. Institutions can review operational standards through [Chorus One's Security Handbook](https://handbook.chorus.one/introduction.html). This approach delivers **security, composability, and capital efficiency** - addressing core institutional demands while providing scalable foundation for Ethereum staking participation. [Read the full case study](https://blog.lido.fi/lido-v3-chorus-one-expanding-institutional-staking)

**NEST (Network Economic Support Tokenomics)** is now live for voting - a modular system that would enable Lido DAO to repurchase LDO tokens using stETH from its treasury. **Key Details:** - First practical version expected **December 2025** - Built as extension of STONKS smart contracts for secure treasury swaps - Automatically routes purchased LDO back to Lido DAO Treasury - This proposal only covers development of technical infrastructure **Important Note:** This is **not a buyback proposal** itself - it only builds the technical foundation. Actual buyback activation would require a separate onchain vote. **Next Steps:** If approved, detailed research and design work begins. Core contributors plan to initiate broader buyback mechanism discussions on the forum shortly after. [Cast your vote here](https://snapshot.box/#/s:lido-snapshot.eth/proposal/0x4267fe277e52a3550e82286af96948a258392ddd303df6b479c4d8f4664acdd0)

**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.