Lido: TVL increased to US$20.48 billion in the past week, and wstETH deposits on Base increased by 35.96%
Lido released protocol-related data on X platform from November 27 to December 4:<br>Lido TVL increased by 6.93% to $20.48 billion;<br>Net new deposits of 7,700 ETH were pledged within 7 days, ranking first;<br>stETH pledge APR increased, with a 7-day MA of 3.73%;<br>Base saw a 35.96% growth in wstETH deposits, reaching 3,018 coins.
The total value of pledged tokens on the Lido platform exceeded US$20 billion, and rewards paid exceeded US$1 billion.
As the price of ETH rebounds, official data from Lido shows that its platform's total staking value has exceeded $20 billion, reaching $20,218,886,533 at the time of writing. The total staking value of Ethereum accounts for the largest proportion, currently exceeding $20 billion, reaching $20,046,713,374, followed by Polygon, with a staking value of $114,107,033. In addition, Lido platform has paid rewards worth $1,027,061,927, with 324,517 stakers. Historical data shows that the total staking value of Lido platform tokens exceeded $10 billion in mid-March this year, meaning that this indicator has doubled in less than nine months.
Lido community initiates discussion on proposal to extend wstETH to BNB Chain
On November 28th, Lido community initiated a proposal discussion to extend wstETH to BNB Chain, aiming to utilize the expertise and technology of Wormhole, Axelar, and Lido DAO for multi-chain deployment. Wormhole will deploy the wstETH contract on BNB Chain, and after the deployment is completed, the contract ownership will be transferred to a multi-signature address composed of contributors. This module will be protected by representatives selected from the entire Axelar network, Wormhole Foundation, and BNB Chain.
Lido DAO has approved the deployment of simple DVT module
Lido DAO has approved the deployment of the Simple Distributed Validator Technology (DVT) module, which is a step towards quickly diversifying Lido node operators and promoting innovation within the Ethereum staking ecosystem. DVT is a system that operates similarly to a validator running a multi-signature setup, relying on multiple NOs rather than a single node operator. Each NO manages different nodes, which communicate and work together to fulfill the responsibilities of the validator.
Lido node operator InfStones agrees to rotate validator keys after vulnerability disclosure
On November 23, one of the core node operators of Lido Finance, InfStones, will temporarily withdraw its Ethereum validator from the liquidity staking protocol and implement key rotation to address a major vulnerability disclosed by dWallet Labs security researchers.<br>It is reported that the vulnerability is related to the open-source library Tailon, which was reported to InfStones in July 2023 and has now been resolved. Nevertheless, this incident led to preventive security measures being taken. Lido Finance confirmed that the vulnerability is related to potential root-level access affecting 25 InfStones validator servers, but there is no evidence that this issue resulted in any key leakage or exploitation.<br>Previously, dWallet Labs claimed in its security report that this vulnerability could trigger security risks and affect ETH staked on Lido through InfStones nodes. Therefore, the company recommended rotating validator keys for all nodes that may be exposed to this vulnerability.<br>
Lido: No keys compromised due to InfStones vulnerability, will start rotating all keys related to them
An update on the Lido governance forum post stated that after discussions with the affected node operator InfStones and related security researchers (dWallet Labs), Lido DAO contributors have come to the following conclusions regarding the InfStones platform vulnerability:
he total amount of Lido Ethereum pledged exceeded 9 million
Official data from Lido shows that the total amount of Ethereum staked has surpassed 9 million, reaching 9,002,581 ETH at the time of writing, worth approximately $18.138 billion. The Ethereum staking rewards paid out have reached 454,958 ETH, or about $916 million, and the current Ethereum staking APR is 3.7%. Historical data shows that the total amount of Ethereum staked on the Lido platform surpassed 8 million on August 10, which means that the platform has seen an increase of 1 million ETH staked in the past two months.
Lido Network Asset Management Scale is approximately US$18.64 billion, an increase of 37.31% in the past 7 days
According to data from Stake Reward, as reported by Jinse Finance, as of the time of writing, the assets under management (AuM) of the Lido network have grown by 37.31% in the past 7 days, with assets under management totaling approximately $18.64 billion. One reason for the significant increase in assets under management may be related to its net staking flow, as Lido's 7-day net staking volume has increased by $310.95 million.
Lido announces launch of Base network
On November 8th, Lido announced the launch of Coinbase L2 network Base, and wstETH is now available throughout the Base ecosystem. Base users can initially interact with wstETH through dApps such as KyberSwap, Beefy, and Aerodrome.
Lido DAO approves adding new DVT staking module for ssv network
Lido DAO community has approved the addition of the DVT (Distributed Validator Technology) new staking module of ssv network. By promoting the implementation of simple DVT, it helps Lido DAO maintain Ethereum decentralization and achieve democratization of staking access in the short term, while developing more complex and scalable modules in the coming months.
