The awaited #Lido on Solana V2 upgrade is in process!
Last month @P2Pvalidator, working on Lido on Solana as an external team for 8 months, shared about the changes, in how the contract will work with validators, in details.
See the main points in the recap ⬇️
Last month @P2Pvalidator, working on Lido on Solana as an external team for 8 months, shared about the changes, in how the contract will work with validators, in details.
See the main points in the recap ⬇️
https://twitter.com/LidoFinance/status/1600066288306442242
With the aim to enable a healthier validator economy, where new and existing validators can participate, and to create a sustainable, high-performance validator set for Solana a few smart contract updates are needed to take place. The core ones are:
1⃣ No withdraw authority and receiving rewards in SOL:
https://twitter.com/P2Pvalidator/status/1587454833141100544
2⃣ No need for 100% commission nodes:
https://twitter.com/P2Pvalidator/status/1587454835766759424
3⃣ Maximum node commission - 5%:
https://twitter.com/P2Pvalidator/status/1587454837939224582
More details about the changes in their official blog.
Thanks to @LidoFinance and @P2Pvalidator teams for constant improvement of the protocol decentralization 🙏🏼
p2p.org/economy/lido-o…
Thanks to @LidoFinance and @P2Pvalidator teams for constant improvement of the protocol decentralization 🙏🏼
p2p.org/economy/lido-o…
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