Lido

**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.

Lido presents multiple sessions at EthCC focusing on their V3 platform's institutional staking capabilities. Key highlights: - New stVaults feature enables customized validator setups via CLI or web UI - Maintains full stETH liquidity and DeFi access - Community Staking Module aims to make home staking more sustainable - Sessions cover institutional adoption, decentralization, and Asian staking communities Events run June 30 - July 3 in Cannes, featuring technical demos, panel discussions, and networking events. Presentations focus on how Lido V3 balances institutional needs with decentralization goals.

Lido Protocol has released their V3 whitepaper for public review and feedback. This update represents a significant evolution in Ethereum staking infrastructure. Key points about Lido V3: - Focuses on improving Ethereum staking accessibility - Not an L2 solution or token launch - Aims to enhance the future of decentralized staking The protocol is seeking community input to refine the proposed changes. Stakeholders can now review and provide suggestions on the technical documentation. [View the whitepaper](https://lido.fi/v3)

Lido Finance is expanding its staking capabilities with a new permissionless module. This development marks a significant step towards democratizing Ethereum staking. - The module will enable home staking without requiring permission - Implementation expected in early 2025 - Aims to make staking more accessible to individual validators This update aligns with Lido's mission to simplify staking processes while maintaining decentralization. Users interested in becoming validators should monitor Lido's official channels for launch details.

**Key Metrics:** - TVL increased 8.21% to $39.46b, driven by token price growth - 14,880 net ETH staked via Lido protocol - stETH 7-day APR rose to 3.03% (+15 basis points) - (w)stETH trading volume up 61.27% to $2.38b **DeFi Activity:** - Collateral markets: 3.06m stETH (+2.87%) - Liquidity pools: 95.2k stETH (+16.14%) - Restaking: 1.55m stETH (+3.51%) **Multichain Status:** Total bridged wstETH at 178,848 (-0.21%) Notable changes: - BNB: +302.98% - zkSync: -30.68% - Starknet: -22.88%

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.