Lido

Lido DAO has initiated Vote 174 concerning the extension of the GateSeal expiration date for the WithdrawalQueue and ValidatorExitBusOracle contracts until April 1, 2025. The GateSeal enables a temporary pause of these contracts for 6 days to address potential vulnerabilities. The main voting phase is from April 23-25, followed by an objection phase on April 26. The new GateSeal contract has been deployed and audited, with details provided in the report.

On April 23, 2024, the Arbitrum council unanimously approved the application for Lido's Liquid Toll Incentive Program (LTIPP) on the Arbitrum network. The program aims to simplify the staking process for users on Arbitrum. Further details about the implementation and timeline are expected to be announced soon.

Lido, a liquid staking solution, has updated its withdrawal widget to provide precise estimates for withdrawal completion times. This feature aims to help users evaluate whether to withdraw their staked assets via Lido or instantly swap them using supported decentralized exchange (DEX) aggregators. For more information, users can refer to Lido's Withdrawal FAQ.

The Lido DAO has voted to approve the deployment of the Simple Distributed Validator Technology (DVT) module. This module aims to onboard community and solo stakers to diversify and strengthen the base of Node Operators running validators using Lido on Ethereum. The Simple DVT module allows for participation from solo and community stakers, with expectations for 250 net-new Node Operators to use the Lido protocol to run validators. It supports the battle-testing of DVT technology ahead of more scalable, permissionless modules, enhancing validator resilience, infrastructure, and participant decentralization. The onboarding of Obol Network clusters follows an intensive testnet, and a performance report will be presented to the DAO after 30 days. Additionally, the SSV Network testnet is nearing completion, and a proposal for SSV mainnet participants to be onboarded to the Simple DVT Module will follow.

A new integration allows decentralized autonomous organizations (DAOs) to stake their treasury assets directly through their user interface using WalletConnect. This streamlines the process of putting DAO funds to work by enabling staking with just a few clicks, without the need for complex setups or multiple steps.

Lido has released its March updates for the Validator Set. Key developments include a Request for Proposals (RFP) for integrating the Community Staking Module (CSM) and Simple Decentralized Validator Trust Module (SDVTM), a proposal for a Community Staking Fleet, an update on the Community Lifeguard Initiative (CLI), the alpha release of the D.U.C.K. Knowledge Base, activation of InfStones, updates on the Simple DVT Launch, and the release of the CSM Architecture.

Curve Finance has proposed increasing the stETH:ETH pool A Factor from 30 to 200. This change would allow stETH holders to trade millions of dollars worth of stETH with a price impact of only 1-5 basis points. The proposal aims to provide deeper liquidity for stETH and create more opportunities for liquidity providers.

Last week, users faced issues withdrawing stSOL due to a problem with the maintainer bot and changes in Solana's rent exempt terms for staking accounts. The @P2PValidator team has identified a fix and updated the documentation to facilitate smooth withdrawals. Users can reach out on the Lido Discord for any questions or concerns.

Lido Finance, a liquid staking solution, has announced the alpha release of the D.U.C.K. Knowledge Base, a resource aimed at strengthening risk management, mitigations, and best practices for node operators. The knowledge base incorporates feedback from Lido Finance's node operator community and partners to enhance the overall staking experience.

Lido has announced the integration of its wrapped staked Ether (wstETH) token with the Scroll ZK rollup, allowing users to bridge their wstETH to the Scroll ecosystem. The bridging process involves visiting the Lido website, selecting wstETH, and approving the transaction to deposit the desired amount on Scroll. This integration paves the way for staked ETH to become a core asset across the Scroll ecosystem. Lido's Layer 2 expansion prioritizes security and risk isolation through the use of canonical bridges and separate bridge contracts for each token. The future plans include introducing rebasable stETH on Layer 2 networks, improving bridging architecture, and expanding wstETH support to additional Layer 2 networks like Lisk and Starknet.