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07/28/2026

Lido Consolidates $16 Billion in Staked ETH With Curated Module v2 Rollout

What happened: Lido Finance has begun consolidating over 8 million ETH (about $16 billion) as it rolls out Curated Module v2 (CMv2), following DAO ratification on July 23.

Lido Consolidates $16 Billion in Staked ETH With Curated Module v2 Rollout

What happened: Lido Finance has begun consolidating over 8 million ETH (about $16 billion) as it rolls out Curated Module v2 (CMv2), following DAO ratification on July 23. The upgrade transitions ETH from 0x01 to 0x02 withdrawal credentials, leveraging the Pectra hardfork's new validator structure. This process will reduce the total number of ETH validators by about one-third and increase the share of 0x02 validators from 32% to 52%. Node operators must now post personal ETH as collateral, with the migration expected to take up to six months and result in minimal transitional reward loss.

Why it matters: The CMv2 upgrade represents the most significant change to Lido's core staking mechanism since Lido V2, aiming to improve security and efficiency. By consolidating validators and tightening operator requirements, Lido is responding to both technical and regulatory pressures. The move could set a precedent for staking protocols post-Pectra and influence how large-scale staking operations manage risk and decentralization.

Source: The Block