Hassan Maishera
On Monday, the Lido Finance team announced via X that Lido V3 Phase 3 is live. With this launch, stETH minting is now permissionless for all stVaults, and the minting cap for Identified Node Operators has been extended.
Minting is now enabled for the Default Tier: even vaults run by non-identified Node Operators can mint stETH, subject to a 50% Reserve Ratio and graduated minting caps. The starting minting cap is 5k ETH for all vaults in the Default Tier, and it increases based on demand and performance.
Identified Node Operators are also getting upgraded with four new tiers and enhanced per-operator minting limits, allowing for more granular configuration based on the assigned category.
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 1.3% in the last 24 hours, trading at $0.3030 per coin.
