Hassan Maishera
On Monday, the Lido Finance team announced via a blog post that Lido Core had undergone a major upgrade. This upgrade introduces major improvements across its staking modules, strengthening protocol health and sustainability, improving alignment with Ethereum's roadmap, while advancing decentralization that benefits both Lido and the broader ecosystem.
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Curated Module v2 introduces native support for 0x02 validators, bonding and penalty mechanisms, operator classification, and streamlined governance. It will gradually replace the legacy Curated Module as stake migrates to the new module.
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Community Staking Module expands permissionless participation with the new Identified DVT Cluster (IDVTC) operator type, alongside technical improvements that make the module more reliable and operator-friendly.
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Simple DVT Module refines to improve its long-term economic and operational sustainability.
Lido Core is the main liquid staking infrastructure of the Lido protocol, where user-deposited ETH is algorithmically allocated to validators run by a diverse set of both permissioned and permissionless Node Operators (NO) through various Staking Modules.
The team noted that no action is required from the stakers as the upgrade is handled entirely at the protocol level.
Lido is a secure liquid staking solution for proof-of-stake (PoS) cryptocurrencies that supports Ethereum 2.0 (The Merge) staking and a growing ecosystem of other Layer 1 PoS blockchains.
Lido DAO is a decentralized autonomous organization (DAO) that provides staking infrastructure for multiple blockchain networks.
Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.
Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.
Its native LDO token is down 3.8% in the last 24 hours, trading at $0.3888 per coin.
