Hi there! The purpose of this thread is to collect discussion and community alignment with regards to support EIP-7251: Increase the MAX_EFFECTIVE_BALANCE in Lido protocol. Initially, @Mol_Eliza and me conducted a study to evaluate the potential impact of this EIP on changes in APR and to assess how consolidation might influence the likelihood of penalties. Analysis and Key Findings Impact on APR: In the event of EIP implementation, we may observe a slight increase in APR from 0.000094% t...| Lido Governance
Ensuring Compatibility with Ethereum’s Pectra Upgrade This post outlines the technical details of the proposed upgrade to the Lido protocol to ensure continuous operation with Ethereum’s upcoming Pectra hardfork. The focus is exclusively on compatibility, rather than integrating any new features introduced by Pectra. Pectra-related new functionalities, such as Triggerable Withdrawals via EIP-7002 and increasing the MAX_EFFECTIVE_BALANCE & validator consolidations via EIP-7251, will be add...| Lido Governance
TL;DR A Dual Governance weakness was reported through Immunefi. The issue was not exploited; existing “training-wheels” safeguards and the DG Emergency Committee allow for effective mitigation, and user funds remain safe. Users do not need to do anything, and the vulnerability is expected to be fixed in the scheduled onchain voting slot for August. Introduction A potential griefing vulnerability was reported on July 13th affecting the current implementation of the Dual Governance RageQuit...| Lido Governance
In an effort to further facilitate the alignment of Lido contributors, stakers, node operators, and LDO token holders, a set of Lido DAO contributors created this Manifesto to serve as a reference point for past, present, and future decision-making regarding Lido’s evolving operator and validator set. Lido DAO is always aligned with the Ethereum values and puts a lot of effort into bringing Ethereum closer to these values. A list of current and completed activities is presented at the end o...| Lido Governance
🚀 Vote #188 has just started! This is a rerun of Vote #187, featuring the same set of proposals. 🗓 Voting is open until the end of the main phase: May 30, 09:00 UTC. Follow this guide for instructions on reviewing and verifying vote items. Your voice matters! 💕| Lido Governance
Community Stakers Identification Framework The Community Staking Module (CSM) Early Adoption mechanics have proven immensely effective by ushering in the onboarding of 340 Node Operators to the Lido NO Set while preventing major sybil-related incidents. Since becoming fully permissionless, CSM has seen high demand from large players, leaving less room for independent stakers to join CSM and get their validators deposited to. In CSM v2, this is meant to be addressed through the implementation ...| Lido Governance
Summary With the increasing adoption of Distributed Validator Technology (DVT) on Ethereum, discussion has increased within the Lido Node Operator set regarding how Curated Node Operators might start to utilize the technology. In light of the adoption of DVT across Ethereum, its strong performance both in SDVT and CSM, as well as in other staking protocols, NOM workstream contributors would like to propose that: Node Operators in the Curated Set may opt-in to intra-operator DVT setups (utiliz...| Lido Governance
Hi everyone. Below is an updated version of the full text of the proposal, following some suggestions from team members at Obol and SSV, as well as community members. The new full text has been made available here (below), on hackmd, github, and IPFS. The snapshot proposal will go live with the Summary from the text below and key excerpts, but please refer to the full text for all the details. The following proposal is the final draft that will be put forth for Snapshot vote to the Lido DAO o...| Lido Governance
Hi there! As a contributor to the analytical workstream, I’d like to share my vision of the framework that could be used to evaluate the risks involved with validation. The purpose of this valuation is to provide a quantitative approach to determining risk mitigation strategies for future staking module development, considering all actors involved. I view this framework vision as a necessary tool for making informed decisions on managing risks and implementing mechanics for mitigation. In p...| Lido Governance
In this communication, Lido DAO Community Staking team contributors are inviting proposals from software providers specializing in node/validator setup to enhance their existing tools by incorporating a user-friendly pathway for community stakers to engage with the Lido Community Staking Module (CSM) and Lido Simple DVT Module (SDVTM) as Node Operators (NO). Parties interested in developing an integration with CSM and/or SDVTM should share a proposal with an overview of a potential integratio...| Lido Governance
Lido DAO’s mission is to make Ethereum staking simple, secure, and decentralized. Lido on Ethereum launched with a curated validator set, which has enabled the protocol to grow to its current size robustly but leaves some room for improvement from the perspective of allowing a bigger range of independent node operators to more easily interact with the protocol. Recent long-range goals approved by the Lido DAO (proposed by @Hasu) suggest the introduction of a permissionless staking module. G...| Lido Governance
Staking Router Module Proposal: Simple DVT EDIT Feb 12, 2024 The Simple DVT Module Committee multisig has been created and all members of the committee have verified their signing addresses. The Safe’s address is 0x08637515E85A4633E23dfc7861e2A9f53af640f7 and visible at this link. EDIT Oct 26, 2023 A revised version of this proposal has been put together below based on feedback and is proposed to go to Snapshot on Thu Oct 26th. It is suggested that the snapshot proposal go live with the Sum...| Lido Governance
Lido DAO currently has governance power over most of the protocol code and parameters. In this post, we discuss the current scope of governance, the associated risks, and how these risks can be minimized by reducing the governance scope (via ossification) and by aligning incentives between the DAO and stakers (via dual governance structure). Table of contents Current governance mechanics Scope of governance Worst-case scenarios stETH holders Ethereum network The problem Reducing th...| Lido Governance