Lido

After one month on mainnet, Lido's Community Staking Module (CSM) shows promising results: - 214 new permissionless operators onboarded - 80% growth in total operators (265 to 479) - 0.4% of Lido's TVL now managed by CSM operators **Performance Metrics:** - 99.2% of validators met performance threshold - 99.4% attestation inclusion rate - Only 2.2% operators missed rewards distribution Currently in Early Adoption mode with 1.5 ETH bond requirement for first validators. Full permissionless mode planned for coming months. Second round of CS grants launched to support tooling development.

A governance proposal to integrate Lido's wstETH into Aave V3 on BNB Chain is currently open for voting. This follows recent successful integrations including Renzo Protocol's ezETH on the Aave v3 Lido Instance. Key Points: - Proposal aims to expand liquid staking options on BNB Chain - Follows trend of increasing cross-chain staking integrations - Community participation crucial for protocol development Voting is now live on the Aave governance portal.

Lido is upgrading to bring rebasable stETH to Optimism, enhancing direct daily staking rewards for users. Key points: - wstETH deposits from Ethereum to Optimism paused from October 7th to ~14th - Upgrade timeline: • Oct 7: Pause bridge deposits • Oct 8-10: Voting phase • Oct 11: Execute upgrades if passed • Oct 12: First post-upgrade report • Oct 14: New UI availability This upgrade is part of LIP-22, introduced in March, aiming to improve L2 bridging experiences. Users should note the temporary pause in deposits and stay tuned for further announcements. For more information, check the stETH on Optimism Action Plan and LIP-22 documentation.

The Lido Scorecard has been updated, tracking Lido DAO's progress towards decentralization. Key highlights include: - Validator Set decentralization: No operator holds more than 1% of total stake - Improved geographical distribution: Added operators in Asia and South America - Infrastructure improvements: Reduced reliance on public cloud services - Community Staking Module: Launched on testnet with 200+ new node operators Upcoming plans: - On-chain delegation vote in August - CSM mainnet vote by end of 2024 - Dual governance deployment vote in Q4 2024 Lido remains committed to trustless and governance-minimized liquid staking.

On May 15th, 2024, Lido DAO announced potential updates to its objectives. These include reGOOSING GOOSE, which refers to adjustments to the GOOSE token mechanism, restaking ETH to enhance staking efficiency, and the Lido Alliance, a collaborative effort with other entities. The proposed changes aim to optimize Lido's operations and strengthen its position within the Ethereum ecosystem.

Lido, a liquid staking solution for Ethereum, has experienced a substantial increase in the number of node operators running its service. As of May 6, 2024, Lido now has 109 node operators, a significant jump from the previous count of 37 operators before the SimpleDVT upgrade. This growth highlights the increasing adoption and decentralization of Lido's staking platform.

Lido, a liquid staking solution for Ethereum, has announced several updates to its validator set for the month of April. The updates include the activation of Simple DVT, a request for proposal regarding the integration of CSM and SDVTM, the launch of the Community Lifeguard Initiative, the release of the VaNOM Report for Q1/2024, the renewal of GateSeal, and the introduction of the Community Staking Module.

Lido has announced that the first batch of Simple Distributed Validator Technology (DVT) validators on the platform, provided by SSV Network, are now active on the Ethereum mainnet. This follows the successful completion of the Lido x SSV testnet, where the aggregate validator performance exceeded all benchmarks set. In the coming weeks, selected participants from the testnet will be onboarded to the mainnet Lido Simple DVT Module, leveraging SSV's technology. The Simple DVT Module aims to onboard up to 250 new Node Operators to the Lido protocol, enhancing decentralization and resilience. The testnet featured 163 participants from 32 countries, including solo stakers, community stakers, and professional node operators. The aggregate results surpassed the required benchmarks for uptime, block proposal success rate, and attestation effectiveness. Lido and SSV Network will present a proposal to the Lido DAO, suggesting which clusters and participants should proceed to the mainnet.

The use of the Geth client among Lido validators has decreased from 93% to 46% since 2022, with significant progress made in the last three quarters. Community concerns about the supermajority risk in Q4 2023 accelerated the migration and public commitments from multiple node operators. Notable contributors to this effort include Yorick Downe, Kukis Global, Chorus One, and several other node operators. Attestant.io provided valuable insights into diversification options. Further details will be shared in the Q1 2024 VaNOM report.

According to reports, the Ethereum network has reached a significant milestone with 1 million validators actively participating in the staking process. This achievement highlights the growing adoption and decentralization of the network, as more individuals and entities contribute to securing and maintaining the blockchain. The increasing number of validators strengthens the network's resilience and reinforces its position as a leading blockchain platform.