Lido begins consolidating $16 billion worth of staked ETH as Curated Module v2 rolls out
The Block·
60-second summary
Lido is consolidating over $16 billion worth of staked ETH onto Ethereum's larger post-Pectra 0x02 validators, with more than 8 million ETH involved in the process. This move is part of the rollout of Curated Module v2, aiming to improve the efficiency and scalability of Lido's staking services. Market implications include increased network congestion and potential staking yield adjustments.
Ethereum staking protocol Lido has begun consolidating more than 8 million ETH onto Ethereum’s larger post-Pectra 0x02 validators.