Dual Governance is now part of the standard governance process at Lido DAO, giving stakers an explicit voice and the right to safely exit in the face of contentious proposals.
It’s been just under 3 months since CSM went live.
Since then, contributors have worked with Node Operators to uncover how they interact with the interface, pinpoint pain points & map out areas for improvement.
Let’s see what’s changed 👇
1️⃣ Validator Key Statuses
The Keys Dashboard got a major upgrade to make life easier for CSM Node Operators.
Quickly spot any issues with your keys and see exactly what actions you need to take to resolve them 🔑
2️⃣ Detailed Key Explanations
Beyond the Keys Dashboard upgrade, the ‘VIEW KEYS’ sub-tab now provides detailed breakdowns of key statuses and clear guidance on the next steps.
Users can now bridge their wstETH tokens to Starknet and access the network's growing DeFi ecosystem, all while benefiting from L2’s lower gas costs and faster transactions.
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Why bridge to Starknet?
• Lower fees and faster transactions through ZK-Rollup technology.
• Access to Starknet's growing DeFi ecosystem.
• Same security as Ethereum through validity proofs.
What is Starknet?
Layer 2 ZK-Rollup for Ethereum, powered by the STARK proof system. Using STARK proofs, it processes transactions with reduced costs while benefiting from Ethereum's security.
The Lido V3 market on @aave has been live for 48 hours and just surpassed $200m in market size 👻
Here's what you need to know 👇
What is it?
The Lido V3 market is the first custom Aave V3 instance, specifically tailored for stETH & wstETH.
The market optimises ETH borrowing dynamics by tuning collateralisation and interest rate parameters in an isolated market.
Why is it important?
stETH is the largest collateral source on Aave representing ~30% of the Ethereum V3 market.
With this new market, collateralisation and interest rate parameters can be fine-tuned to optimise borrowing rates and maximise profitability for Aave users.
Introducing Early Adoption for the Community Staking Module 🌐
This initiative will allow a set of independent operators to join CSM on mainnet prior to CSM opening to all, avoiding possible crowding out of capacity by large operators from Day 1.
Apart from early access, eligible operators benefit from a special bond curve featuring a discounted bond amount for their first validator, further lowering the entry barrier.
To foster the inclusion of as many independent operators as possible, the Early Adoption eligibility criteria will draw candidates from the following six sources:
1. Solo-stakers curated by @ratedw3b 2. Solo-stakers curated by @Stake_Cat 3. @ObolNetwork Techne credential holders 4. Simple-DVT testnet community stakers 5. Performant CSM testnet participants 6. Lido community members with @Galxe OATs
Introducing advanced DeFi strategies for stETH with Mellow & Symbiotic ✨
A new initiative to provide stETH holders with access to new DeFi opportunities, including restaking. blog.lido.fi/advanced-defi-…
In collaboration with @mellowprotocol, @symbioticfi and strategy curators including Steakhouse, P2P, Re7 Labs, and MEV Capital, these vaults offer stETH holders a unique opportunity to explore more paths throughout the Ethereum restaking ecosystem.
At launch, four vaults will be live for stETH holders to experiment with DeFi restaking strategies.
• Lido TVL down 3.69% to $29.46b.
• 13,344 net new ETH staked.
• 7d stETH APR at 3.03%.
• wstETH on L2 down -3.16% to 145,905 wstETH.
• (w)stETH 7d trading volume at $1.86b.
Lido TVL:
Lido TVL is down -3.69%, to $29.46b, largely due to the drop in ETH prices.
Lido on Ethereum:
13,344 net new ETH was staked through Lido in the last 7 days.