Hassan Maishera
On Monday, the Lido Finance team announced via X that it has submitted a proposal to introduce Identified DVT Clusters (IDVTC) to Lido CSM.
This proposal brings a tailored bonded DVT solution to the Lido Community Staking Module, accelerating DVT adoption and furthering the resilience of CSM. Bringing a scalable DVT framework to Lido CSM is a natural next step to amplify resilience across the permissionless Lido validator set, whilst encouraging a new wave of independent stakers.
The proposal sees IDVTC further lowering the capital barrier to securing Ethereum through CSM, whilst at the same time offering potentially higher rewards than ICS on bonds above 2.5 ETH.
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 up 0.6% in the last 24 hours, trading at $0.3208 per coin.
