Earlier this evening at 20:38 UTC, Lido DAO contributors detected an isolated slashing occurrence. This event was connected to a single Node Operator functioning within the permissionless Lido Community Staking Module (CSM). We want to assure all stakers that there is absolutely no cause for concern, as the overarching protocol is operating perfectly normally. A dedicated Node Operator bond mechanism is already implemented to act as a reliable safety net for situations precisely like this.
The overall anticipated fines, which take offline penalties into account, are extremely small. These costs are projected to be less than 1 ETH, a numerical amount that is actually lower than the typical daily fluctuations experienced in standard protocol rewards. Additionally, the existing bond supplied by the Node Operator will completely absorb these penalties.
For anyone interested in exploring the specifics further, please review the publication provided below:
Making DeFi straightforward and accessible is our top priority. We are excited to present our two newest vaults, EarnETH and EarnUSD. These additions offer distinct choices for your assets, providing one dedicated space for your ETH based capital and another designed exclusively for your stablecoins. Both options are officially live and available for you to access right now by visiting http://stake.lido.fi/earn.
Bridging your staked ETH over to @MegaETH takes merely a handful of clicks. Completing this quick step enables you to seamlessly unlock liquid Ethereum staking rewards throughout the entire MegaETH ecosystem.
Across operators, infrastructure, clients, and geographies, the Lido validator ecosystem continued to improve and further decentralize Ethereum staking.
[Security Disclosure] A potential weakness was reported related to the ZKsync wstETH bridge endpoint contract. As of yet, there is no indication that the weakness was exploited, and wstETH holders on ZKsync are not affected. No other bridges are affected. Out of an abundance of caution, new deposits to the ZKsync bridge have been paused.
Withdrawals from zkSync and token transfers are not affected.
A fix has been prepared and will be audited and deployed via the next scheduled on-chain Lido governance omnibus vote (late March / early April), after which deposits will resume.
[Security Disclosure] A potential weakness was reported related to the ZKsync wstETH bridge endpoint contract. As of yet, there is no indication that the weakness was exploited, and wstETH holders on ZKsync are not affected. No other bridges are affected. Out of an abundance of caution, new deposits to the ZKsync bridge have been paused.
Withdrawals from zkSync and token transfers are not affected.
A fix has been prepared and will be audited and deployed via the next scheduled on-chain Lido governance omnibus vote (late March / early April), after which deposits will resume.
The initial rollout of Lido V3 has successfully concluded with the launch of Phase 3. stETH minting is now permissionless for all stVaults, and we have extended the minting cap for Identified Node Operators.
The leadership team at Lido Labs is set to present the latest news regarding the Lido protocol during the next Lido Tokenholder Update call. We invite you to connect with us for this session scheduled for Feb 26 at 2PM UTC. Please see below for further information:
Curious about the applications currently under development using Lido V3 and stVaults? A recent V3 Community Call featured a presentation by top-tier creators from the DeFi, staking, and infrastructure spaces. These industry leaders discussed their strategies for employing Lido stVaults to deliver next-generation Ethereum staking products.
Lido has successfully positioned itself as the largest permissionless staking protocol on Ethereum. This milestone is underpinned by the fact that more than 565,000 ETH has been staked through the Lido Community Staking Module.
The Ethereum ecosystem has officially reached a historic benchmark. Staking activity has climbed to an all-time high, as 30% of the entire ETH supply is now committed to the network.