Lido Finance launches a community staking module, allowing permissionless entry for node operators, boosting network decentralization.
Lido’s DAO vote received strong support, marking a significant shift towards increased validator diversity on Ethereum’s mainnet.
The new staking module aims to address regulatory concerns around stETH, emphasizing community-driven, decentralized participation.
Laura Shin reported that Lido Finance has taken a significant step towards decentralization with the approval of a community staking module on Ethereum’s mainnet.
This measure allows stakers to join as node operators without prior permission. The change marks a key milestone for Lido as it works to expand beyond its current setup, where less than 40 node operators stake the majority of its ETH. This development comes months after the U.S. SEC raised concerns about the nature of stETH, Lido’s primary product.
.@LidoFinance’s governing body just passed an onchain vote
enabling community stakers to permissionlessly join as node operators
.
@htttpsageyd reportshttps://t.co/NjBk71J0Gg
— Laura Shin (@laurashin) October 25, 2024
Understanding the Community Staking M…
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