Lido DAO Governance Update 🗳️

1 Mainnet and 5 Snapshot votes are live and in need of your attention!

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🌐 Introducing the Lido Community Staking Tribes (LCST) Initiative

A program designed to empower Ethereum-aligned organizations and DAOs to support their contributors in becoming solo stakers using the Lido Community Staking Module (CSM).

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Lido Analytics: December 9 - 16, 2024

TLDR:
• TVL down -1.27% to $38.96b.
• -30,400 ETH net unstaked.
• 7d stETH APR at 2.95%.
• wstETH on Multichain +5.45% to 188,591 wstETH.
• (w)stETH 7d trading volume at $2.84b.

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The Lido on Polygon sunset process has begun.

https://blog.lido.fi/lido-on-polygon-sunset

See below for an overview of upcoming timelines and requirements 📆📜

Christmas is coming 🎅🎄

It’s time to spread the holiday cheer with the Ethereum and Lido community.

Write a heartfelt letter to Santa, and you could win a Dappnode Home x Lido.

Here's how to join 👇

Lido Node Operator Community Call #23 📣

https://www.youtube.com/watch?v=BX1rJPyEetg

New art contest landed on @jokerace_io 🎨

Any art contributors in the community? Submissions for mascot designs for the Lido community have just opened up.

What should be the face of the Lido community? Start submitting 👇
https://www.jokerace.io/contest/base/0x0a218248c049ab465cae9aa7b2a63b3906004550

Lido Validator Set Updates: November 📅

Modules Updates
• One Month of CSM Mainnet: 214 operators onboarded, 80% growth in operators + 0.4% of TVL operated by NOs using CSM.
• Simple DVT: Contributed 10,275 new ETH staked (equivalent to 320 validators).

Node Operator Community
• VaNOM Q3 Update: +130 new Node Operators, client diversity improvements & much more.
• StakeSafe Pilot Testnet
• Validators Exits | SNOP update
• Community Grants: A number of new exciting grants are available for building out the CSM ecosystem.
• Lido ValSet goes to DevCon

+ much more!

See here for the full update:

The 23rd Lido Node Operator Call kicks off tomorrow at 5pm UTC 📅

Agenda:
• ValSet Updates w/ @sasha_gusakova
• Simple DVT + The Decentralized Validator Vault w/ @KimonSh
• CSM: Mainnet Release w/ @d_gusakov
• PERCH w/ @PsheEth

Tune in here: https://www.youtube.com/live/BX1rJPyEetg

📊 Lido Analytics: December 2 - 9, 2024

• TVL up 8.21% to $39.46b.
• 14,880 net ETH staked.
• stETH 7d APR at 3.03%.
• wstETH Multichain down -0.21% to 178,848 wstETH.
• (w)stETH 7d trading volume up to $2.38b.

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Contributors to the Lido Audits Committee introduce GRAPPA: Guild for Review and Assessment of Protocols and Applications.

A workgroup aimed at strengthening and streamlining the review process for protocol development, network expansions, and Lido Alliance collaborations.

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wstETH is now live on @Starknet!

Users can now bridge their wstETH tokens to Starknet and access the network's growing DeFi ecosystem, all while benefiting from L2’s lower gas costs and faster transactions.

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Lido Analytics: November 25 - December 2, 2024

TLDR:
- TVL up 10.59% to $36.46b.
- 26,784 net ETH staked.
- 7d stETH APR at 2.88%.
- wstETH Multichain down -2.42% to 176,999 wstETH.
- (w)stETH 7d trading volume at $1.45b.

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One Month of CSM 🌐

Live for just over a month, the Community Staking Module (CSM) has made a strong start on mainnet.

📈 214 permissionless operators onboarded.
🌟 80% growth in operators using the protocol (265 to 479).
💼 0.4% of Lido’s TVL now operated by NOs using CSM.

The Decentralized Validator Vault capacity has been raised 🏦⬆️

Before: 10,575 ETH
Now: 13,850 ETH

Receive Obol points (10x boost), SSV points & Mellow points whilst supporting the decentralization of Ethereum.

Get started here 👇

It's voting time 🗳️

New on-chain vote is live covering:
1️⃣ Adjusting Easy Track limits for PML & ATC
2️⃣ Increasing Stonks Execution Limits
3️⃣ Updating the reward address for Simply Staking

Main phase is active until November 28, 3:20 PM UTC.

Vote here: https://vote.lido.fi/vote/181

Lido Analytics: November 18 - 25, 2024

TLDR:
- TVL up 9.34% to $32.97b.
- 2,880 ETH net staked.
- 7d stETH APR at 2.99%.
- wstETH on Multichain decreased -2.64% to 181,390 wstETH.
- (w)stETH 7d trading volume at $1.42b.

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CSM Reward Update:

The first CSM rewards distribution, originally scheduled for November 22, has not occurred due to an issue in the off-chain Oracle code.

- No funds are at risk, and rewards calculations remain accurate.
- A fix is undergoing testing.
- Rewards distribution will occur once the issue is resolved via a CSM Performance Oracle update.

📊 The Q3 2024 Lido Node Operator & Validator Metrics report is here.

TLDR:
- The SimpleDVT module added over 130 net new Node Operators, bringing the total across the Lido protocol to 236 unique Node Operators.
- Geth usage declined to 35.6% while Nethermind and Besu rose to 38.9% and 20.3%, marking 2 years of decreasing majority client usage.
- Galaxy Digital & Chorus One both adopted the Reth client, using it in a hybrid configuration, where Reth is used in conjunction with other EL clients.

Full breakdown here: https://t.co/WU6olMZS5c

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