Lido begins moving $16.5 billion in staked ether to cut validator count by a third

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Lido is moving $16.5 billion in staked ether to reduce its validator count by a third, consolidating 8 million ETH. This significant shift involves professional node operators posting bonds for the first time, a new requirement. The move aims to improve efficiency and security, potentially reducing costs and increasing staking yields for users in the liquid staking market.