The liquidity collateral agreement Lido Finance has approved a proposal to incorporate Obol Network's Simple Distributed Validator Technology (DVT), which was passed with over 99% support on November 3. As a condition, the use of Lido DAO's cover fund to pay for module reduction fines and other fees was also approved. Obol Network, developed by Obol Labs, allows individuals to participate in the ecosystem of distributed staking validators. Lido members stated in the proposal, "DVT represents the fastest way to add many new node operators to the Lido node operator set, including more diverse individual and community equity participants, while benefiting from the inherent advantages of the technology, such as enhanced resilience, distribution, and security."

The liquidity collateral agreement Lido stated on X platform that its simple DVT module has been deployed to the Holesky test network and will soon be tested with Obol Labs and Obol Labs. It is reported that the simple DVT module aims to prove that using DVT on the mainnet is possible, while further diversifying the Lido node operator set on Ethereum and laying the foundation for more scalable and permissionless DVT-based modules in the near future.

According to official data, the total number of users who have pledged to the Lido liquidity staking agreement has exceeded 300,000, reaching 311,898 currently. The total value of pledged tokens is approximately $14.314 billion, and over $720 million in staking rewards have been paid out.

According to Lookonchain monitoring, not only FalconX is accumulating LDO, but Amber Group also seems to be accumulating. An address related to Amber withdrew 1.19 million LDO (worth $1.8 million) from Binance 5 hours ago, and has accumulated 4.46 million LDO (worth $6.78 million) since August 18.

On October 19th, Lido Community released a proposal to discuss launching Lido on Polygon's staking protocol, similar to the sunset process on Polkadot and Kusama. The proposal states that Lido has spent 1,538,500 LDO in rewards on Polygon over the past year, and that each 1% of MATIC staked can earn an annual income of $41,991. Shard Labs' one-time compensation is 150,000 LDO, which is a poor investment return.

Lido Finance, a decentralized liquid staking protocol, will be ceasing operations on the Solana blockchain due to unsustainable financials and low fees generated. The decision was made following a community vote in Lido's decentralized autonomous organization. Lido will not be accepting staking requests as of October 16, and voluntary node operator off-boarding will begin on November 17. Lido's staking services will now only be supported on Ethereum and Polygon.

According to data analyst Yu Jin, Sun Yuchen currently has 282,796 ETH (US $439 million) pledged through two addresses on Lido.

Lido posted on X platform (formerly Twitter) stating that as part of the Lido protocol, validators operated by Launchnodes node operators have been slashed 20 times. Launchnodes and DAO contributors are investigating. The validators are offline and the slashing has stopped, while the root cause is being investigated. Apart from a reduction in daily rewards reflected in tomorrow's rebase, users of the protocol will not be affected. Lido estimates that the impact is currently around 20 ETH (approximately 2.25% of the average daily protocol reward or 0.00023% of TVL). Further investigation is ongoing and more updates, including a complete post-analysis, will be provided.

Several Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, have committed to or are in the process of committing to a self-limit rule that promises not to own more than 22% of the Ethereum staking market. This move is aimed at ensuring the decentralization of the Ethereum network. The proposal was put forward by Ethereum core developer Superphiz in May 2022, and the self-limit was set at 22% because at least four major entities would have to collude for the chain to reach finalization.

On August 25th, Token Unlocks data shows that Lido Finance's governance token LDO will have its final unlock tomorrow. This time, 8.5 million LDO will be unlocked, accounting for 0.97% of the circulating supply, with a value of approximately $13.6 million. With this, except for a small portion of LDO belonging to early investors before April 2024, almost all LDO tokens (1 billion) have been unlocked.