Liquid Staking Giant Lido Moves 8 Million ETH Onto New Validators to Ease Ethereum Network Load

This post was originally published on this site

Lido has activated the largest upgrade to its Core Protocol since Lido V2, and it starts by moving more than 8 million ETH onto Ethereum’s newer validator design, the company explained on Monday, in a note shared with Bitcoin.com News. That stake, worth roughly $16.5 billion, is about a fifth of all ETH currently staked. […]