Lido

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.

Lido Finance has announced a new incentive program that allows users to borrow eBTC (ERC-20 representation of Bitcoin) at no cost by depositing ETH or WETH as collateral. Participants will receive stETH staking rewards and additional stETH incentives from Lido Finance. This program is a collaboration between Lido Finance and the eBTC protocol.

Lido Finance has announced the launch of eBTC, a decentralized Bitcoin built for Ethereum DeFi. Users can now deposit ETH, WETH, stETH or wstETH as collateral to borrow eBTC at no cost. The protocol also offers a 'Get Paid to Borrow Bitcoin Incentive Program' where borrowers receive stETH staking rewards and incentives from Lido. This integration between Lido Finance and eBTC protocol aims to provide a seamless way for users to access Bitcoin within the Ethereum ecosystem.

Lido Finance, a prominent decentralized finance protocol, has released the draft architecture description for its Community Staking Module. This development comes after the protocol's recent community call, where the core theme was module decentralization. Lido Finance is actively working on enhancing the distribution mechanisms for its staking router and expanding its community engagement initiatives, such as the Lido Community Lifeguards program.

Lido's total value locked (TVL) decreased by 6.98% to $35.82 billion (9.79 million ETH) last week due to token price corrections and moderate unstaking. A net 71,104 ETH was unstaked through Lido in the past seven days. The 7-day staked ETH (stETH) annual percentage rate (APR) is down 18 basis points to 3.49%. The amount of (wrapped) stETH in liquidity pools increased by 1.44% to 101,000 stETH, while the amount in lending pools decreased by 2.74% to 2.95 million stETH. The 7-day trading volume for (w)stETH was $1.80 billion, 34.7% higher than the previous week. The amount of wstETH bridged to Layer 2 networks increased by 1.24% to 142,829 wstETH, with Arbitrum holding the largest share at 93,008 wstETH. The amount of wstETH bridged to the Cosmos ecosystem increased by 1.99% to 1,847 wstETH.