Lido

Lido TVL decreased by 7.05% to $20.31b due to a correction in token prices and an outflow of staked ETH. The stETH APR remained stable with a 7-day moving average of 3.84%. There was an outflow of staking deposits with a decrease of 69,824 ETH over the past week. The amount of stETH in lending pools and liquidity pools also decreased by 1.20% and 1.15% respectively. Additionally, the amount of wstETH bridged to L2 decreased slightly by 0.08%. However, the amount of wstETH bridged to Cosmos increased moderately by 2.40%.

Lido UIs were not affected by the vulnerability and have been checked and verified for a safe user experience.

Uniswap has launched a new round of incentives for wstETH on its mainnet, Optimism, and Arbitrum networks. LPs on Uniswap can earn a share of pool trading fees and additional token incentives. The incentives are live until January 1st.

Join Lido tomorrow at 3pm UTC to learn about their community staking module and how it enables permissionless node operator onboarding. The session will discuss the proposal and plans to extend the Lido validator set through independent NOs. Visit the provided link for more information.

In Q3, Lido onboarded 2 new Node Operators in LatAm and Africa, while Geth usage decreased by 2.41%. The Q3 data also showed that ~55% of validators are run on bare metal servers, with OVH being the largest provider. In Q4, expect 7 more Node Operators to join, increased operations in LatAm and Africa, and the removal of Jump Crypto from the curated set. Further diversification and decentralization of Node Operators are expected in 2024.

This month, Lido contributors have made several tech developments including Lido's integration with Base, the beta launch of Lido SDK, Holesky's testnet release, a trustless Oracle setup with ZK, and updates to the token integration guide.

In response to a vulnerability, Lido DAO has decided, in collaboration with InfStones and dWallet Labs, to rotate to new keys for all validators as a precautionary measure. There is no evidence of compromised keys, but the ETH from exited validators will be re-staked to available keys in the buffer. Lido DAO contributors recommend discussing the next steps for rotating InfStones validator keys.

Join the Lido booth at the @ethStaker Staking Gathering in Turkey on November 14th to claim your OAT and participate in the LidoBox raffle.

Lido's wstETH has launched on Base, becoming the fourth Layer 2 solution for ETH stakers to bridge their wstETH to, following previous launches on Arbitrum, Optimism, and Polygon.

Binance has introduced the new Binance Web3 Wallet, enabling users to easily stake their ETH with Lido and earn daily rewards with a few clicks.