Lido Upgrades to New Staking Architecture for 8M ETH Worth $16.5B

Ethereum’s largest liquid staking protocol, Lido, has begun migrating more than 8 million ETH worth nearly $16.5 billion to a new staking architecture. This could reduce Ethereum’s validator count by almost one-third without reducing the amount of ETH securing the network. The upgrade, dubbed Curated Module v2 (CMv2), is Lido’s biggest infrastructure overhaul since launching