Lido

**Leading builders demonstrated new Ethereum staking products built on Lido V3's stVaults infrastructure during a recent community call.** Key presentations included: - **Northstake**: Staking Vault Manager platform designed for institutional ETH staking with validator attribution, control, and transparency - **Obol**: First multi-operator DVT vault (Ethereum Client Team Vault) combining decentralization with performance - **Solstice**: DeFi Yield Vault offering delta-neutral ETH strategy structured as a hedge-fund product - **Everstake**: Market-neutral yield strategies for institutional investors with predictable ETH-denominated returns These projects demonstrate how Lido V3 enables modular, transparent institutional-grade staking products. The infrastructure allows builders to create specialized vaults without developing complex deposit flows or standalone smart contracts. **Early adopter incentive**: Until March 31st 2026, the stVaults infrastructure fee is reduced from 1% to 0% for vaults exceeding 250 ETH. [Watch the full demo session](https://www.youtube.com/live/RG_N4sT2NXQ)

**P2P Validator unveils institutional-grade DeFi vaults** Vatsal Gupta, Senior PM for Vaults & DeFi at P2P Validator, presented a new suite of institutional DeFi vaults built on Lido's stVaults infrastructure. The vaults aim to connect complex DeFi yield opportunities with institutional compliance requirements. **Key features:** - Dedicated staking vaults for institutions, DAOs, and family offices - DeFi vaults integrated with curators like Mellow for yield optimization - Validator-level transparency and isolated vault environments - Built on stETH, Ethereum's most liquid liquid staking token **Why it matters:** Traditional pooled staking models lacked the control and transparency institutions need. P2P's stVault integration provides direct attribution, performance tracking, and vault-level segregation while maintaining Lido's security standards. The dual approach combines conservative institutional staking with composable DeFi strategies, positioning P2P as one of the first node operators to transform Lido into a full DeFi product suite. [Read the full case study](https://blog.lido.fi/v3-p2p-expanding-ethereum-staking-flexibility-with-lido-stvaults)

Kiln is developing institutional-grade yield strategies by combining staking primitives with DeFi through Lido V3. The approach maintains operational and risk standards while accessing Ethereum's liquid staking ecosystem. **Key capabilities enabled by Lido V3 stVaults:** - Dedicated infrastructure with segregated vaults per client - Full asset separation for regulatory compliance - Access to deep stETH liquidity - Traceable, non-commingled assets This follows similar implementations by Solstice ($1B+ staked) and Northstake, both leveraging stVaults to bridge traditional capital markets with DeFi yields.

Linea is working on a solution to one of DeFi's persistent challenges: maintaining sustainable liquidity. The team is exploring **stVaults** as a mechanism to align long-term ETH liquidity with ecosystem incentives. **Key Points:** - stVaults aim to create more sustainable liquidity models - Focus on aligning ETH liquidity with long-term ecosystem goals - Part of Linea's broader strategy to build sustainable chain economics This initiative builds on Linea's positioning in the L2 space, where the network is developing diverse revenue streams and working toward sustainable economic models as Layer 2 chains evolve into independent economies.

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)