Hassan Maishera
On Tuesday, the Lido Finance team announced via X that the 0x02 CSM testnet is now live. 0x02 CSM offers Ethereum node operators a permissionless, capital-efficient way to run 2048-ETH validators using Lido CSM.
Key features of 0x02 CSM include:
• Entry: Permissionless
• Bond: 32 ETH for the first key, 30 ETH for subsequent keys
• Est. Capital Efficiency: ~2.26x capital multiplier vs. solo staking (outperforming ICS over 32 ETH bonds)
0x01 CSM (for 0x01 validators) and 0x02 CSM (for 0x02 validators) operate as two separate permissionless modules in parallel within Lido Core.
For operators, using 0x02 CSM feels just like running as a Default operator, ICS, or IDVTC in 0x01 CSM. The CSM widget delivers a seamless UI despite separate underlying smart contracts.
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 $0.3993 per coin.
