January officially passed the torch to February, so find out in #LidoWeeklyReport below, what was within @LidoFinance ecosystem during the previous week.
📈 Data & Charts
The stETH/ETH rate sits at 0.99+, while total value locked — above $8b.
📈 Lido Deposits today, 10am GMT, and week-over-week change:
🛠️ Lido on Polygon was successfully upgraded to V2 last Tuesday, Jan 31, by @shard_labs. V2 makes fewer compromises, eases NO entry & exit, provides a smoother flow and reduces the gas needed for depositing & withdrawing.
Yesterday @LidoFinance had the 3rd NO Call. At the beginning @IsdrsP spoilered it'd be a bit over an hour, but here is my spoiler - 2 hours. Speakers were so gooood, as well as their presos, so we just could't stop 😂
Find below and share w/ your folks my recap of the call.
To help you navigate the thread, here is what's you can find below:
1⃣ @LidoOnPolygon V2 Upgrade + Wave 2 Onboarding
2⃣ Technical Deep-dive: Withdrawals Update
3⃣ What's New on @ratedw3b
4⃣ @nethermindeth and Lido Research: Phase 1 Recap
@ShardYaco overviewed core Lido on Polygon V2 changes. In one sentence: a lightweight version with reduced friction for NOs both in terms of onboarding and operations and greater decentralization.
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 ⬇️
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:
As only few leaves have left on the trees, it's the time to wrap up November and look back for the main #Lido highlights of this hot, IYKWIM, autumn month.
In a nutshell, @LidoFinance rocked with partnerships and public talks. Check the 🧵 for a 1-line summary of the main news.
Numbers
📈 #3 among on-chain fee generators with ~$32.8m in the past 30 days according to @tokenterminal
📈 29 Node Operators
📈 30% of staked ETH according to @ratedw3b
📈 100k unique ETH stakers
📈 ~140k validators
📈 $6.19b TVL as of November 30, 2022, according to @DefiLlama
Updates
🛠️ Planned for the middle of November Lido on Solana smart contract update to V2 was postponed due to the industry events and will be going on this week from Tuesday, December 6, to Thursday, December 8.