Lido (LDO) — Onchain News & Whale Tracking

Lido DAO launches an on-chain vote for NEST automated repurchases; the proposed mechanism ties the protocol’s performance to the LDO token.

Lido Finance has released a governance update, announcing that Lido DAO has officially opened on-chain voting for the NEST automated token buyback mechanism. The main voting window runs from August 5 to August 8 at 14:00 UTC. NEST is an automated, rule-based on-chain mechanism that directly ties the Lido Protocol’s performance to its native LDO token. The mechanism’s design and parameters were approved via Snapshot voting back in May. At its core, NEST uses protocol revenue or protocol-controlled liquidity to systematically repurchase LDO tokens on decentralized markets, enabling continuous capture of protocol value growth at the token level. The mechanism will be rolled out around the LDO/wstETH liquidity pair, with specific implementation details still being updated on community forums. Should the on-chain vote pass, Lido will transition from a periodic, governance-driven buyback model to a continuous, predictable automated value distribution framework.

A whale withdrew 4,950 ETH from Binance and staked it to Lido.

According to monitoring by Onchain Lens, a whale withdrew 4,950 ETH (valued at approximately $9.34 million) from Binance and staked it on Lido.

Lido launches its largest upgrade to date, set to consolidate over 8 million staked ETH and reduce the number of validators by an estimated one-third.

Ethereum’s largest liquid staking protocol Lido has announced its biggest protocol upgrade since the 2023 V2 update, integrating over 8 million staked ETH (valued at roughly $165 billion) and migrating to the new validator architecture following Ethereum’s Pectra upgrade. The migration is expected to cut Ethereum network validators by around one-third, reducing consensus layer load. Lido said that post-upgrade, the number of attestation messages per epoch across the entire Ethereum network is projected to drop by approximately 29%, boosting network operational efficiency. The upgrade shifts professional node operators to the Curated Module v2 (CMv2) architecture. Unlike the previous model that relied primarily on operators’ reputation and historical performance, CMv2 for the first time mandates Lido’s curated node operators to lock ETH as collateral to provide economic guarantees for node operation performance. Lido added that all 34 curated node operators currently plan to complete the migration, with no operators exiting over the new collateral requirement. Isidoros Passadis, head of Lido Staking, noted the upgrade will streamline the validator set supporting Lido’s core staking business while enhancing security via capital constraints. Lido projects the migration will lower the protocol’s annual staking yield by roughly 0.28%. Validators will continue earning rewards until completing migration exit, with yield losses only possible during the short window before their balances are transferred to new validators.

Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.

Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.

Grayscale appoints Sebastian Pulido as Head of On-Chain Asset Management.

According to official announcements, Grayscale has appointed Sebastian Pulido as Head of On-Chain Asset Management, where he will lead the firm’s on-chain product strategy. Sebastian previously held roles at Aave Labs, Goldman Sachs, and JPMorgan’s Kinexys team, bringing extensive experience in institutional finance and digital assets.

One hour ago, a founding investor of Lido deposited 4.3 million LDO tokens they have held for five years into Kraken.

According to monitoring by Chinese crypto analytics platform Yu Jing, an initial institutional investor in Lido transferred 4.3 million LDO tokens (valued at $1.61 million) to Kraken one hour ago, after holding the assets for five and a half years. The institution received an allocation of 5 million LDO tokens in December 2020; at the 2021 bull market peak, these tokens were worth $30 million, while their current market capitalization stands at just $1.88 million. However, the investor’s cost basis for acquiring the LDOs is only $0.0085, meaning it still holds over 40x profits even at today’s prices.

Justin Sun’s staking position on Lido has increased to $430 million, generating an annual staking yield of approximately $9.5 million.

According to monitoring by OnchainLens, Justin Sun staked an additional 13,000 ETH on Lido 23 hours ago, worth approximately $23.08 million, bringing his total staked stETH holdings on the platform to 247,436 tokens, valued at around $430 million. Since February 2023, this address has accumulated 11,307 stETH in staking rewards, worth roughly $26.82 million at current prices, and is projected to generate approximately $9.5 million in annual staking yields via Lido.

A crypto whale withdrew 4,942 ETH from Binance and staked it on Lido, with total assets withdrawn reaching $22.08 million over the past 24 hours.

According to monitoring by Onchain Lens, a whale address withdrew 4,942 ETH from Binance, valued at approximately $8.83 million, and immediately staked it via Lido to receive around 3,990 wstETH. Additionally, the same address also withdrew 211.5 WBTC from Binance over the past 24 hours, worth roughly $13.25 million. As of now, the whale has withdrawn a total of approximately $22.08 million worth of ETH and WBTC from Binance in the last 24 hours, with all the withdrawn ETH used for on-chain staking.

Ethereum Foundation stakes 4,938 ETH via Lido

According to monitoring by Onchain Lens, the Ethereum Foundation has staked 4,938 ETH (valued at $7.86 million) via Lido, and may stake more.

Lido: Swellchain to Halt Operations on June 15th, Users Must Withdraw wstETH Assets in Advance

On May 19, Lido announced via social media that Swellchain will be permanently shut down on June 15, 2026. All users are required to withdraw their wstETH assets in advance of this date. After June 15, 2026, Swellchain will be permanently closed, and any remaining wstETH may be unrecoverable.

A whale bought $17 million worth of ETH and deposited it into the Lido staking pool

On May 10th, per Onchain Lens monitoring, a crypto whale purchased $17 million worth of ETH at an average price of $2,334, then staked the entire amount with Lido. The whale’s address still holds $10.15 million in USDC, suggesting it may acquire additional ETH.

Lido releases KelpDAO Incident Update: All user losses covered by Lido Earn mechanism

May 7 – Lido Finance has issued an update on the KelpDAO attack. On April 29, Lido DAO voted to donate 2,500 stETH in a one-time contribution to the DeFi United relief fund for the rsETH incident; the stETH was officially transferred last week. On May 6, Aave settled the attacker’s rsETH position on Ethereum and Arbitrum per the established recovery plan. Post-settlement collateral has been handed over to the Recovery Guardian for safekeeping, with no impact on other users. Also on May 7, Lido’s Snapshot vote reached the required majority, formally approving full coverage under the EarnETH first-loss protection mechanism for loss rates below 1%. All losses incurred by EarnETH users will be fully covered by the Lido Earn mechanism. EarnETH treasury operations are expected to resume immediately after the Kelp protocol unpauses, with a brief waiting period for user funds to unfreeze. During this period, both the EarnETH and EarnUSD treasuries will continue generating yield.

Lido DAO Proposal to Temporarily Lower EarnETH Treasury First Loss Protection Threshold to Cover Losses from Kelp Incident

April 29: A new proposal landed on the Lido Research Forum, pushing for a temporary reduction to the EarnETH treasury’s first-loss protection threshold via DAO authorization amid the Kelp incident. Under current rules, Lido Earn’s protection only activates when treasury losses exceed 1% of holdings. But the proposal notes that if the rsETH shortage is resolved through DeFi United, actual losses may dip below that 1% threshold. To ensure EarnETH users get full compensation, the proposal recommends a one-time exception for this incident—allowing the first-loss fund to cover losses under the 1% mark. The current estimated remaining borrowing rate loss ranges from 400 to 600 ETH. The proposal emphasizes this is a one-time arrangement tied to user protection, brand reputation, and business needs, and won’t alter the general 1% rule. Since the rsETH incident is expected to wrap up in 5-10 days (and the standard voting window is 7 days), the proposal is time-sensitive.

Lido to Allocate Up to 2500 stETH to Aave Safety Module: Joining Forces to Contain rsETH Risk Spillover

On April 24, Lido Finance put forward a governance proposal at its forum, offering up to 2,500 stETH in one-time funding for the Aave-led rsETH rescue plan. The funds will cover collateral shortfalls, mitigate risk, and prevent spillover to the broader DeFi ecosystem. The proposal is being advanced alongside the “DeFi United” joint initiative, contingent on the rescue plan securing full funding. Its goals are to stabilize markets and facilitate orderly unwinding for affected users.

Lido: EarnETH Loses Around 9% of Assets in KelpDAO Incident, Core Staked Assets Safe

On April 23, Lido issued an update on the KelpDAO security incident, noting its Earn series vaults are collaborating with the management team to resolve issues tied to rsETH exposure and lending market liquidity crunches. The core staking protocol remains unaffected, with stETH and wstETH secure and stable. Currently, only the EarnETH vault has ~9% of its total value locked (TVL) exposed to rsETH; deposits and withdrawals are temporarily paused pending a resolution. Roughly $70 million in ETH has been recovered from the prior attack, with ongoing efforts to recoup remaining assets and allocate losses. To ease liquidity pressure, the management team has reduced leverage and optimized position structures, cutting wETH debt exposure significantly. Should losses occur, EarnETH will activate a $3 million "first-loss protection mechanism" (covered by the DAO). For other vaults: - DVV and EarnUSD remain unaffected and operational. - The GGV sub-vault is posting negative returns d

Lido: rsETH Risk Exposure Around $21.6 Million, $3 Million Front Loss Protection to be Activated if Necessary

On April 21, Lido said in a social media post that its EarnETH treasury was hit by a theft of 116,500 rsETH (roughly $292 million) via the Kelp DAO cross-chain bridge on April 18. EarnETH holds around $21.6 million in rsETH/ETH leveraged positions on Aave, accounting for roughly 9% of the treasury’s total assets. The EarnETH team is actively deleveraging to reduce risk, with the outcome dependent on Kelp, LayerZero, and Aave’s final decisions on loss sharing and default handling. Lido added that EarnETH has a $3 million “first-loss protection mechanism” funded by the Lido DAO treasury, which will cover losses if needed. The treasury has temporarily paused redemptions to assess the damage. This incident does not impact stETH or wstETH, as Lido’s core staking protocol was not involved.

Lido Growth Committee Withdraws 4.82 Million LDO from Binance and Transfers to Multi-Sig Wallet

On April 16, EmberCN monitoring data indicates that early this morning, 4.82 million LDO tokens (valued at $1.81 million) were withdrawn from Binance and transferred to a multi-signature wallet managed by the Lido Growth Committee — a wallet dedicated to buybacks. When the buyback proposal was announced on March 27, LDO was trading at a low of $0.27; it has since risen 40% to $0.38.

Lido DAO Proposal: Proposed Buyback of LDO with 10,000 stETH Treasury Funds

On March 27, the Lido Ecosystem Operations team published a proposal on the community forum requesting authorization for the Lido Growth Committee to use up to 10,000 stETH from the treasury to purchase LDO. The proposal notes that the LDO/ETH exchange rate is currently at a historical low of ~0.00016—representing a ~63% discount to its two-year median and a disconnect from the protocol’s fundamentals. The plan will be executed in batches via the Easy Track mechanism, with each batch capped at 1,000 stETH. Execution channels include on-chain platforms (CoW Swap, 1inch, Uniswap) and centralized exchanges. Transaction slippage will be kept within 3%, and all acquired LDO will be returned in full to the treasury.

Lido: The Aave Liquidation Event is unrelated to wstETH and the Lido protocol, user funds will be fully reimbursed

March 11 – Lido announced Wednesday that a configuration error in Aave’s CAPO oracle led to the liquidation of wstETH in E-Mode, resulting in an approximate 345 ETH loss. Notably, no bad debt was incurred, and all affected users will receive full compensation. The issue stemmed from a mismatch between the wstETH:USD price boundary quoted by the CAPO oracle and the price used by the Aave market, which triggered the liquidation mechanism. Lido emphasized the error is unrelated to wstETH’s underlying asset or the Lido protocol itself, and is isolated to the CAPO oracle’s market price reference. The problem has been promptly identified and rectified to prevent future incidents. Additionally, Lido’s Earn products—including stRATEGY and GGV—were unaffected by the liquidation, with user funds remaining secure. Aave and Lido will continue to closely monitor market conditions to safeguard user assets and update risk control measures as needed.

Lido: ZKsync wstETH Bridge Endpoint Contract Vulnerability

March 3 — Lido officially announced that the ZKsync wstETH bridge endpoint contract has a potential vulnerability. There is no evidence the vulnerability has been exploited, and wstETH holders on ZKsync remain unaffected. All other bridge contracts are unimpacted. As a precaution, Lido has temporarily suspended new fund deposits to the ZKsync bridge contract; withdrawals from zkSync and token transfers, however, remain unaffected. A fix has been prepared. It will undergo an audit and be deployed following the next scheduled on-chain Lido governance supermajority vote (late March/early April), after which the deposit function will be reactivated. Further updates will be provided as the situation develops.

Lido V3 has launched, allowing all stVaults to mint stETH without permission.

March 3 — Lido announced in a tweet that Stage 3 of its V3 upgrade is now live. All stVaults can now mint stETH permissionlessly, and minting limits for identified node operators have been raised. Lido V3’s initial deployment is fully complete.

Lido V3 Launches on Ethereum Mainnet

Lido V3 has officially launched on the Ethereum mainnet as of January 30, per an official announcement. The upgrade introduces stVaults—modular staking infrastructure backed by stETH, built for developers. This update expands the Lido protocol beyond its original single-pool liquid staking system (Lido Core) to support a diverse range of staking models, while preserving stETH’s shared liquidity and DeFi composability. stVaults enable builders to customize staking configurations without having to build infrastructure from scratch.

Ethereum Staking Rate currently stands at 28.91%, with Lido's market share reaching 25.4%.

As of January 2nd, Dune data shows the total Ethereum staked on the Beacon Chain has reached 35,903,070 ETH—representing 28.91% of the total ETH supply. Liquid staking protocol Lido holds a 24.45% share of that staked ETH. Additionally, there’s been a net inflow of 17,737,080 ETH since the Shanghai upgrade.

Lido Founder's Associated Address Sells 14,585 ETH at an Average Price of $2,928

On December 16, blockchain analytics platform Lookonchain reported that a wallet tied to Lido founder Konstantin Lomashuk sold 14,585 ETH in the past hour. The sale was completed at an average price of $2,928 per ETH, totaling roughly $42.71 million.

Lido: Issue Caused by Prysm Consensus Layer Client Resolved, Stakers Unaffected

Lido announced in an official statement on December 4 that following the successful completion of the Ethereum Fusaka hard fork, a vulnerability was found in the Prysm consensus client that caused network participation issues. The Lido protocol is operating normally—stakers have no cause for concern. Thanks to the protocol’s distributed, decentralized underlying validator node set, Lido was minimally impacted by the incident. Prompt action from the Prysm team and node operators helped mitigate the issue. The Lido team worked closely with the Prysm team, monitoring the situation overnight and helping affected node operators implement the recommended temporary fixes. Currently, most Prysm setups running on Lido have been restored; some nodes have temporarily switched to other client configurations to finish repairs.

Lido New Proposal: Transition to a Comprehensive DeFi Platform by 2026

On November 27th, Lido made an announcement regarding the "GOOSE-3" proposal. This proposal outlined its strategic goals for 2026, with the aim of transforming Lido from an "Ethereum staking middleware" into a comprehensive DeFi platform. The proposal was jointly submitted by the Lido Labs Foundation in cooperation with the Lido Ecosystem Foundation and the Lido Alliance BORG. Lido's four major goals for 2026 are as follows: Expanding the staking ecosystem: By leveraging Lido V3, stVaults will transform staking into modular infrastructure that can be integrated by integrators, node operators, custodians, and large allocators. Protocol Flexibility Upgrade: Introducing the ValMart validator market to enable dynamic allocation of staking based on performance, cost, and decentralization. This will enhance DAO revenue and strengthen risk management. Expanding Lido Earn: Catering to advanced DeFi users, re-stakers, stablecoin hodlers, passive earners, and on-chain treasury managers. Vertica

Lido DAO Community has initiated an LDO Automated Buyback Proposal, scheduled to be implemented in Q1 2026

November 11th. In the Lido DAO community, in its latest workstream proposal, it is proposed to achieve automated buyback and liquidity management by deploying an LDO/wstETH position in a Uniswap v2-style liquidity pool. This LP position will be held by an Aragon Agent. If the proposal is passed, it is expected to be implemented in the first quarter of 2026. The new mechanism aims to trigger buybacks when the ETH price is high and the protocol's annualized revenue exceeds a set threshold. By doing so, it can expand on-chain depth, reduce the circulating supply of LDO, and thereby improve capital efficiency and the long-term token value.

Justin Sun pledged 45,000 ETH to Lido this morning, approximately $154 million

On November 6th, according to on-chain data, 15 hours ago, Justin Sun staked 45,000 ETH with Lido, which is approximately equivalent to $154 million.

Lido: Has Withdrawn its Unaffected Balancer Position, User Funds Secure

On November 3rd, Lido put up a message indicating that a portion of the Balancer V2 pool had been under attack. The Lido protocol was not impacted, and all user funds were in a safe state. As a preventive measure, Veda, who is part of the Lido GGV management team, had withdrawn its Balancer position that was not affected. All Lido Earn funds remained secure.

VanEck has submitted an Ethereum ETF application with staked ETH from Lido

On October 20th, according to official channels, the ETF issuer VanEck has submitted an application for a Lido staked Ethereum ETF (S-1) to the U.S. SEC.

VanEck Lido Ethereum ETF Registered in Delaware

On October 3rd, the VanEck Lido Ethereum Staking ETF was registered in Delaware as a statutory trust. CSC Delaware Trust Company was listed as its registering agent. It will subsequently submit an application to the SEC.

「Lido Proposes Launch of LDO Buyback」 Proposal Currently Has 100% Support Rate

September 26th - Lido has now initiated Proposal NEST, which is a modular system for utilizing stETH to repurchase LDO from the treasury. Currently, it is in the voting phase with a 100% support rate. The first practical version of this proposal is anticipated to become operational in December 2025, laying the foundation for a future buyback mechanism. Furthermore, NEST is an extension module of STONKS, aiming to simplify the exchange between stETH and LDO. LDO will be automatically transferred to the Lido DAO treasury. This proposal only focuses on the development of NEST, and its activation requires a separate on-chain vote. If the proposal is approved, subsequent research, timelines, and detailed designs will be carried out. Core contributors will further discuss the buyback mechanism on the forum.

DeFi Studio Solido Completes $800K Funding Round, Lead by Supra

On September 11th, the DeFi studio Solido concluded a funding round amounting to $800,000. This round was led by Supra and Cashaa, and it also saw the participation of HELLO Labs, Spartan Ventures, K10 Capital, and other entities. The funds raised will be utilized to fuel Solido's product expansion, conduct security audits, achieve deep integration with Supra's technology stack, and promote the adoption of Solido by the community-driven developers.

Lido's market share in the Ethereum staking market has dropped to 24.4%, hitting an all-time low.

On August 14th, as per Coindesk, Lido's market share within the Ethereum staking market has plummeted to 24.4%, reaching a record low. During the past month, Figment has witnessed the most significant increase in staked ETH, adding approximately 344,000 ETH and currently accounting for 4.5% of all staked ETH. Lido has experienced the largest exodus of stakers, totaling around 285,000 ETH. With the growing competition and the opening up of new avenues in the industry through infrastructure tailored for institutional financing, there has been a shift in the previously dominant platforms, indicating that the staking ecosystem is maturing.

Lido: SEC Clarifies the Non-Security Nature of Staked Assets, Helping Drive Institutional Adoption and DeFi Ecosystem Growth

On August 6th, Lido stated in a post that, "The previous day, the U.S. SEC issued guidance affirming that liquid staking and similar receipt-like tokens like stETH do not constitute securities, thereby providing the long-awaited regulatory clarity for Lido and the entire industry. Lido's operations in the U.S. have now obtained increased regulatory clarity, eliminating the previous uncertainty that hindered institutional adoption and DeFi integration." This stance has paved the way for U.S.-based platforms, financial institutions, and users to utilize Lido more freely. Without the worry of triggering securities laws, more protocols may integrate stETH, further expanding its use cases in the DeFi space. This also reinforces the reasons for centralized exchanges and fintech platforms to support Lido's liquid staking, potentially attracting more funds.

Linea will integrate the Lido V3 staking-as-a-Service infrastructure to enable its L2 native rewards.

On August 5th, as per official channels, Linea is set to integrate the Lido V3 stVault infrastructure in order to assist in achieving Linea's sustainable non-custodial DeFi engine. This ensures that all bridged ETH automatically accrues staking rewards. It is reported that Lido will offer customized services for staking bridged ETH and direct the rewards to Linea's LP and DeFi while maintaining trustless access and withdrawals. All ETH deposited into Linea will be staked through the Lido V3 stVault managed by Linea.

Lido lays off 15% of its staff due to cost pressures

On August 4th, the co-founder of Lido, Vasiliy Shapovalov, announced in a post that, considering cost factors, Lido Labs, the Lido Ecosystem, and the Lido Alliance have made the tough decision to reduce their workforce by approximately 15%. This adjustment was not a result of performance problems. The affected individuals were all key members who had been actively involved in protocol and community development. Shapovalov stated that although the market is currently in an upward trend, this decision reflects a commitment to long-term resilience and sustainable growth. It is intended to focus on operational priorities, optimize resource allocation, and be in line with the interests of LDO token holders.

Suspected Anchorage Digital Address Receives 8052 ETH Redeemed from Lido, Price Surge Results in $15.79 Million Gain

On July 30th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a wallet suspected to be under the ownership of Anchorage Digital received a Lido redemption of 8052 ETH 11 hours ago, with a value of $30.25 million. This 7575.98 ETH was originally deposited in 2028.08 ETH from Coinbase when the price was merely $1672.79. In addition to the Lido staking rewards over the two years, there was an additional gain of $15.79 million due to the price increase.

Lido Founder Borrows 85 Million USDT from Aave to Purchase ETH

On July 29th, as per the monitoring of LookOnChain, Konstantin Lomashuk, the founder of Lido, borrowed 85 million USDT from Aave to purchase ETH. He borrowed 85 million USDT from Aave and then transferred 80 million USDT to Amber Group. Amber Group deposited 80 million USDT into the trading platform and withdrew 15,814 ETH (equivalent to 59.75 million USD) from the trading platform.

HTX Recovery Hot Wallet received 20,000 ETH redeemed from Lido in the past hour, which has now been deposited into Aave.

On July 28th, as monitored by on-chain analyst Ai Yi (@ai_9684xtpa), the HTX Recovery hot wallet received 20,000 ETH redeemed from Lido within the past 1 hour. The value of these ETH is $76.57 million, and they have currently been deposited into Aave. Since July 16th, this address has queued a total of 50,000 ETH for redemption. It is one of the top addresses during this "unstaking wave" and still holds 40,283 ETH in Lido.

Lido's market share in the Ethereum staking market has dropped to 25.02%, the lowest since March 2022.

On July 24th, based on Dune Analytics, Lido's share in the Ethereum staking market has decreased to 25.02%, which is the lowest level since March 2022.

Lido DAO has passed a governance proposal introducing a dual-governance structure, granting stakers the ability to veto or delay decisions made by LDO token holders.

On June 29th, the Ethereum staking protocol Lido DAO approved a governance proposal establishing a dual governance structure. This gives validators (users holding stETH tokens) the ability to delay or veto governance decisions made by LDO token holders. The main voting phase concluded with near-unanimous approval, with 53.6 million LDO tokens in favor, just exceeding the required 50 million LDO threshold by a narrow margin, and only 1.18 LDO tokens against. In the new model, validators can express their dissent by depositing stETH into a custody contract. If the deposits reach 1% of Lido's total staked ETH, the proposal will be delayed for 5 days; if they reach 10%, the proposal will be frozen. The final vote result will be confirmed at 10:00 ET on June 30th, unless significant dissent is observed during the "objection" phase.

Lido V3 Testnet-2 is now live

On June 25th, according to official information, Lido has made an announcement that its V3 version Testnet-2 has been initiated. The contracts, along with an enhanced web interface and command-line tools, have been fully synchronized and are ready for functioning.

Maple collaborates with Lido to offer stablecoin credit lines backed by stETH as collateral

On June 13th, as per official reports, the on-chain asset management firm Maple announced a strategic partnership with Lido Finance. This partnership enables the provision of stablecoin credit lines collateralized by stETH. Such an initiative allows institutional borrowers to unlock liquidity while still maintaining their exposure to ETH staking rewards. The collaboration enables institutions to borrow stablecoins without the need to liquidate their staked ETH positions. Borrowers can utilize stETH (one of the most trusted and widely used liquid staking tokens on Ethereum) as collateral for credit lines that are underwritten by Maple's internal credit team.

A whale redeemed 10,708 ETH from Lido 10 minutes ago and deposited it into OKX.

On June 8th, according to ChainInfo, a whale withdrew 10,708 ETH ($26.96 million) from Lido 10 minutes ago and subsequently transferred the entire amount to OKX.

A newly created wallet withdrew 4000 ETH from Kraken and deposited it into Lido for staking.

On June 3rd, as per the monitoring of Onchain Lens, a newly emerged wallet withdrew 4,000 ETH from Kraken. The value of these ETH amounted to $10.57 million and was then transferred to Lido for staking.

Lido V3 Whitepaper is now live and open for feedback

On May 28th, the Lido V3 Whitepaper is now available and open for feedback. Lido V3, which was launched in February 2025, enhances the current protocol and introduces stVaults: a staking primitive that allows for the construction of non-custodial, permissionless, and customizable staking products, enabling on-demand liquidity backed by stETH. While the concept of V3 has been finalized, key aspects are still in the process of being developed. Contributors are specifically seeking feedback on the design and risk management of stVaults in order to balance the risk profile and redeemability of stETH with validator-driven operator selection, reserve ratio, and risk levels.

Lido V3 Whitepaper Draft Released, Scheduled to be Finalized by Mid-Summer This Year

On May 21st, the developer of the Lido protocol, pshe.eth, tweeted that the RFC draft of the Lido V3 whitepaper has been made available. Lido contributors have been concentrating on a new protocol architecture direction centered around stVaults. A stVault is an isolated staking position that decouples Ethereum staking mechanics (such as node operation, fees, risk preferences, Sidecar module, etc.) from the liquidity layer. It is anticipated that stVaults will become a highly composable foundational component that can serve as the core building block for creating strategies, protocols, and institutional staking products. Currently, this draft encompasses a wide range of design aspects and is expected to be continuously refined in the coming weeks, with the aim of finalizing the whitepaper by mid-summer of this year.

Lido Announces Ethereum Assisted Proposer Mechanism (APM) Framework

On May 20th, Lido disclosed the Ethereum Auxiliary Proposer Mechanism (APM) framework. Ethereum is evolving through mechanisms like Proposer Build Separation (PBS) and pre-announcement. The APM framework will assist node operators in adopting these mechanisms as safely as feasible, achieving a balance between efficiency, rewards, and decentralization. Moreover, the Lido DAO proposed the establishment of an APM Committee and is scheduled to hold a vote shortly.

Suspected Lido team-owned address has transferred an additional 6.7 million LDO to a CEX in the last 24 hours

On May 17th, based on the monitoring of on-chain data analyst Yu Jin, the suspected affiliated address of the Lido team has once again transferred 6.7 million LDO (approximately $6.61 million) to Binance, OKX, Bybit, and Gate within the past 24 hours. This entity or team has cumulatively transferred 17.81 million LDO (approximately $18.14 million) to CEX over the past 4 days. During this period, the price of LDO has retraced from $1.16 to the current $0.93, representing a 20% decrease.