Lido

**Lido has achieved a major milestone**, becoming the largest permissionless staking protocol on Ethereum with over 565,000 ETH staked through its Community Staking Module (CSM). **Key developments:** - The CSM allows anyone to run validators with less ETH than traditional solo staking - Share limit increased from 5% to 7.5% of total Lido stake - Over 500 operators now secure Ethereum through CSM **Lido V3 Launch:** The protocol recently launched V3, introducing modular staking infrastructure and stVaults. Notable features include: - 0% infrastructure fee until March 31, 2026 for vaults over 250 ETH - Obol's Ethereum Client Team Vault for multi-operator DVT staking - Enhanced decentralization and client diversity options This milestone reinforces Lido's position as a leader in making Ethereum staking more accessible while maintaining security and decentralization.

Ethereum has achieved a significant milestone in network security and decentralization, with **30% of all ETH now staked** - marking an all-time high for the network. This represents continued growth from the 29% staking rate observed in mid-2025, demonstrating sustained confidence in Ethereum's proof-of-stake consensus mechanism. **Key implications:** - Increased network security through greater validator participation - Reduced circulating supply potentially affecting market dynamics - Growing institutional and retail confidence in long-term staking commitments The milestone reflects Ethereum's maturation as a proof-of-stake network since The Merge in 2022, with validators continuing to lock up their ETH to secure the network and earn rewards.

Obol has launched the **Ethereum Client Team Vault**, a multi-operator staking solution built on Lido V3 using Distributed Validator Technology (DVT). **Key Features:** - Operated by four Ethereum client teams: Sigma Prime, ChainSafe, Develp, and Nethermind - Conservative configuration with no leverage or complex DeFi strategies - Focuses on validator performance, operator quality, client diversity, and decentralization **What Makes It Different:** - First curated, operator-specific vault with rewards tied to a defined set of operators - Allows users to express preferences for client diversity and multi-operator security - Leverages Lido's trusted infrastructure without complex deposit flows or new smart contracts The vault targets ETH-aligned stakers, DAO treasuries, and capital allocators seeking secure, low-risk staking that supports Ethereum's core development teams. [Read the complete case study](https://blog.lido.fi/lido-v3-obol-multi-operator-distributed-validators-on-lido-stvaults)

Lido is hosting a **stVaults Builders Fireside Chat** on February 3rd at 2pm UTC to highlight new staking products built with Lido V3. **Featured builders:** - Northstake - PierTwo - RockSolid The session will explore novel staking solutions enabled by the V3 upgrade and stVaults infrastructure. This follows the broader Lido V3 launch celebration scheduled for the same day, which includes additional participants like P2P Validator and Linea. [Join the conversation](https://lido.fi) to learn how builders are leveraging the new staking architecture.

Lido is implementing a significant protocol upgrade to preserve long-term security and decentralization for both itself and Ethereum. **Key Points:** - The upgrade requires extensive technical scoping and multi-stage testing - Coordination involves Node Operators, researchers, and auditors - These efforts represent a **decentralization premium** - the cost of maintaining a distributed validator set - The upgrade ensures Lido remains adaptive to Ethereum's evolving roadmap The protocol's size demands careful operational planning to maintain its increasingly permissionless validator network while staying aligned with Ethereum's development direction.

**Lido Poolside: Decentralization** event scheduled for **December 11 at 14:00 UTC** Key topics include: - CSMv2 updates - CMv2 landscape overview - Latest developments on GOOSE-3 & EGG initiatives This year-end session focuses on Lido's **decentralization roadmap** progress and strategic updates. [Register here](https://luma.com/62h7rxqy) to secure your spot for this dedicated protocol update.

**Two key Snapshot votes are live until December 1:** - **Curated Module Fee Adjustment** - Updates Node Operator fees to match current market conditions as an interim measure before Staking Router v3 and Curated Module v2 launch with automated pricing - **Treasury Stablecoin Conversion** - Proposes converting DAO stablecoins into sUSDS or tokenized money-market funds to generate yield on idle treasury assets Both proposals aim to optimize protocol competitiveness and treasury management. **Looking ahead:** Lido V3 expected to deploy onchain in December. [Vote on Snapshot](http://snapshot.box/#/s:lido-snapshot.eth)

**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.

**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.