🎥 Lido V3 & Lido Earn Explained

**Lido Earn has suspended deposits** into earnETH as a precautionary measure following a security incident involving Kelp DAO. **Key Details:** - earnETH has direct exposure to rsETH, the affected asset - An exploiter stole **$300m worth of rsETH** from Kelp DAO's bridging contracts on Ethereum - The stolen rsETH was used as collateral across lending protocols (primarily Aave and Compound) - **Critical issue:** More rsETH now exists in circulation than actual backing, creating undercollateralized debt **Current Status:** - Aave and Compound governance paused relevant assets and markets - Resolution approaches being discussed by affected teams - Lido Earn team monitoring situation with partners Further updates will be shared as the situation develops.

Following a Snapshot vote, the Lido DAO has approved redirecting DVT incentives away from the Decentralized Validator Vault (DVV) to Lido Earn strategies. **Key Points:** - DVV holders have two options: migrate to EarnETH for maximized rewards or withdraw their position - Users who don't migrate or withdraw will continue earning staking rewards through the Lido protocol via dvstETH - Changes take effect at the end of April - DVV incentives will continue until the transition date The DAO's decision shifts the incentive structure to favor Lido Earn strategies over the DVV model.

Sasha Gusakova, Product Lead at Lido Labs, provided a status update on the development of **Curated Module v2 (CMv2)** and its implications for Lido's validator set evolution. The update follows previous announcements about the Community Staking Module (CSM) v2, which outlined proposed goals and high-level features for the platform's staking infrastructure. **Key Points:** - CMv2 represents the next iteration of Lido's validator curation system - The update addresses the ongoing evolution of Lido's validator network - Development continues on both Curated Module and Community Staking Module improvements Full video update available: [Watch on YouTube](https://www.youtube.com/watch?v=_Hn0ob3HEDw)

Lido Labs' Staking Modules Tech Lead Denis Gusakov breaks down the technical aspects of '0x02' and addresses migration challenges facing individual staking operators. **Key Topics Covered:** - Technical explanation of the 0x02 upgrade - Migration challenges for home stakers - Proposed mitigation strategies - New 0x02 CSM (Community Staking Module) instance [Watch the full explanation](https://www.youtube.com/watch?v=I1CIZdPPyxQ)