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Project Overview
Lido is a liquid staking solution for blockchains. It enables users to stake their ETH and other proof-of-stake assets without locking their assets or maintaining infrastructure, while participating in on-chain activities such as lending.
SlowMist Yuxian: MetaMask Staking Node Issue Typically Does Not Affect ETH Principal
SlowMist founder Yu Xian stated that MetaMask Staking preemptively exited from the Lido validator set following an investigation into an infrastructure breach. Issues of this nature with staking nodes generally do not affect the ETH principal, but may impact staking rewards.
MetaMask Staking Exits Lido Validators, Expected to Take Up to 45 Days to Gradually Recover
Lido stated that MetaMask Staking has taken precautionary measures and exited its operated Lido Ethereum validators following an investigation into an infrastructure intrusion incident, with the related ETH expected to gradually return to the protocol over a period of up to approximately 45 days.
Ethereum Staking Reward Cut Proposal Sparks Outrage: Community Fears Damage to DeFi and Weakened Decentralization
Odaily News - Ethereum Improvement Proposal EIP-8363 ("Tapered Issuance Burn") has triggered strong backlash from the community, becoming one of the most contentious debates over Ethereum's economic model since The Merge. The proposal, put forward by Ethereum Foundation researcher Justin Drake, ETHCC co-founder Jerome de Tychey, and others, aims to gradually reduce validator rewards as the ETH staking ratio rises, ultimately bringing new issuance down to zero when staked ETH reaches 50% of the total supply.However, the proposal has drawn opposition from DeFi developers, staking service providers, and institutional investors alike. Critics argue that lowering staking yields could weaken the network's decentralization, disrupt Ethereum's DeFi ecosystem, and heighten market uncertainty around ETH's monetary policy. Opponents believe market mechanisms can already naturally regulate staking demand. Berryman noted that as yields decline to around 2%, new staking demand may naturally taper off, without the need for protocol-level changes to issuance policy.Ether.fi founder Mike Silagadze stated that the proposal is "detrimental to decentralization, Ethereum adoption, and the network's reputation." Bitwise Ethereum business lead Steve Berryman also pointed out that institutional investors require policy certainty, and adjusting the issuance mechanism could introduce additional uncertainty. Greg Koumoutsos, technical research lead at the Lido Labs Foundation, noted that Ethereum pays not only in "slashable ETH" but also in decentralization, node diversity, censorship resistance, and network resilience. Aave founder Stani Kulechov also warned that reducing ETH staking yields could impact the DeFi ecosystem, as a large volume of staking derivatives has become an integral part of lending and yield strategies.Additionally, the community is concerned that lowering staking rewards could paradoxically intensify centralization. Since individual validators lack economies of scale, declining yields may drive smaller nodes to exit, while large exchanges and institutional staking providers—backed by greater business demand—could continue expanding their market share.Currently, EIP-8363 involves not only staking reward adjustments but has also sparked broad discussions over Ethereum's long-term monetary policy, governance stability, and institutional confidence. The community believes that such a significant change to the economic model requires more thorough debate and a longer evaluation period. (Cointelegraph)
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed and Oracle Upgraded, User Funds Unaffected
Ethereum staking protocol Lido stated on X platform that today's stETH Rebase has been completed as expected, and has compensated for the ETH rewards missed yesterday due to calculation deficiencies. The corresponding annual percentage rate (APR) is approximately 2.29%. Additionally, the protocol's oracle has been updated and passed audit. The new version will improve report processing speed and help locate the cause more quickly when similar issues arise in the future.Regarding the yield calculation anomaly that occurred yesterday, Lido stated that contributors are still conducting a root cause analysis. Further investigation details will be published on the official forum and social platforms. Throughout the entire incident, user funds were never at risk. Preliminary analysis suggests the issue may have stemmed from a specific edge case: the yield report from yesterday omitted a validator that was in a pending deposit status, causing some staking rewards to be excluded from the calculation.Lido stated that a complete post-mortem report will be released in the coming days to further explain the cause of the issue, remediation measures, and subsequent improvement plans.
Anchorage Digital Integrates Lido to Provide Institutional wstETH Compliance Channel
Crypto bank Anchorage Digital has announced its integration with Lido, the largest liquid staking protocol on Ethereum, offering institutional clients direct access to its derivative asset, wstETH. Institutional users can now mint and redeem wstETH, earning Ethereum staking yields while benefiting from Anchorage’s custody and governance compliance framework. (The Block)
$TOP Token Suffers Governance Attack, Sustaining ~$1.59M in Losses
According to BlockSec Phalcon (@Phalcon_xyz), the $TOP token suffered a governance attack, resulting in losses of approximately $1.59 million. The attacker exploited the token’s low market capitalization to acquire over 50% of voting power at minimal cost. Subsequently, they passed a malicious governance proposal to mint a large quantity of $TOP tokens for themselves, then swapped these tokens for WETH via the Balancer liquidity pool—depleting the pool’s liquidity. BlockSec Phalcon advises projects using governance mechanisms similar to those of Lido or Aragon to promptly review governance security measures, including voting power distribution, quorum and approval thresholds, and minting permissions.
An address opened its first position worth $3.82 million in ETH, with 1,420 ETH deposited into Lido staking.
Over the past 3 hours, an address withdrew 1,420 ETH from OKX, valued at approximately $3.82 million, and subsequently deposited the entire amount into Lido for staking.
Worth $3.823 million, an address withdrew 1,420 ETH from OKX and deposited into Lido for staking
Odaily reports, according to on-chain analyst Ai Yi's monitoring, an address withdrew 1,420 ETH from OKX over the past 3 hours, worth $3.823 million, at a withdrawal price of $2,692.47, and subsequently deposited it into Lido for staking.
Bitget has shifted to net capital inflow, with $31.73 million in net deposits during the first 8 hours of today
Odaily reports: According to monitoring by Yu Jin, Bitget has entered its third day since opening withdrawals. The peak withdrawal period has now passed, and combined with stablecoin fixed-yield offerings and PoolX ETH and BTC locked staking mining campaigns, the platform's funds have shifted to net inflow.Among these, ETH has seen approximately 28,900 ETH inflow and approximately 7,266 ETH outflow since withdrawals opened yesterday afternoon. The largest deposit address retrieved 20,000 ETH from Lido last night and transferred it to Bitget, worth approximately $54.66 million, to participate in the ETH pool's 11.27% APR campaign.Additionally, data shows that Bitget's net deposits for the full day yesterday were approximately $9.47 million, with net deposits of approximately $31.73 million from 0:00 to 8:00 today.
$17.15M in ETH purchased, all 4 new addresses deposited into Lido
According to on-chain analyst Ai Yi, four new addresses swapped UBTC for USDC over the past 9 hours as initial capital, then bought 6,972 ETH on-chain at an average price of $2,460.69, and have deposited all of it into Lido.
Justin Sun unstakes another 5,000 ETH, still holding 238,000 stETH on-chain.
According to on-chain analyst Ai Yi (@ai_9684xtpa), Justin Sun has again unstaked 5,000 ETH, increasing his total Lido redemptions to 10,000 ETH since August 26. Following the prior redemption, he deposited $12.3 million worth of ETH into Poloniex across two transactions at an approximate price of $2,481 per ETH. From this latest batch of 5,000 redeemed ETH, 3,500 were routed to a Poloniex hot wallet (purpose unknown), while the remaining 1,500 were deposited into Morpho. Justin Sun currently holds 238,000 stETH on-chain, valued at approximately $594 million.
Holding nearly $600 million in stETH, Sun Yuchen applies to redeem 5,000 ETH after a year-long pause
Odaily News: According to on-chain analyst Ai Yi's monitoring, Sun Yuchen's address (0x176...a132) submitted a redemption request to Lido for 5,000 ETH, valued at $12.3 million, 10 minutes ago. This marks the first unstaking activity from this address since July 18, 2025, with the specific purpose still unknown. Sun Yuchen currently holds nearly $600 million worth of stETH on-chain, totaling 243,000 tokens.
Aave Founder: Following Up on MetaMask Incident with Lido, Aave Market Currently Normal
Aave founder Stani stated on X that the team is tracking the developments of the MetaMask staking infrastructure security incident in collaboration with Lido. Stani noted that so far, the Aave market has not been affected by the incident, and all operations remain fully operational.
Assets worth $25.6 million were stolen, with the attacker exchanging assets such as WBTC for DAI and ETH
Odaily News: According to on-chain detective Specter's monitoring, the attacker exchanged all assets, including WBTC, cbBTC, LDO, USDS, and CRV, for DAI and ETH. The same wallet had previously been compromised in September 2023 due to a malicious token approval, resulting in a loss of $24.23 million, with the attacker ultimately returning approximately 90% of the stolen funds. The attacker's address is 0x8fEB...F95Ae.
$TOP Token Suffers Governance Attack, Sustaining ~$1.59M in Losses
According to BlockSec Phalcon (@Phalcon_xyz), the $TOP token suffered a governance attack, resulting in losses of approximately $1.59 million. The attacker exploited the token’s low market capitalization to acquire over 50% of voting power at minimal cost. Subsequently, they passed a malicious governance proposal to mint a large quantity of $TOP tokens for themselves, then swapped these tokens for WETH via the Balancer liquidity pool—depleting the pool’s liquidity. BlockSec Phalcon advises projects using governance mechanisms similar to those of Lido or Aragon to promptly review governance security measures, including voting power distribution, quorum and approval thresholds, and minting permissions.
Aave plans comprehensive upgrade of collateral and listing standards following KelpDAO security incident
Linda Jeng, Chief Legal and Policy Officer at Aave Labs, stated during Consensus Miami 2026 that Aave's previous risk framework overly focused on financial risks and price volatility. Looking ahead, the protocol will incorporate assessments of cross-chain interoperability, cybersecurity vulnerabilities, and underlying asset architecture.This reform directly stems from the rsETH incident that occurred in April. At that time, an attacker exploited a vulnerability in the KelpDAO cross-chain bridge to mint approximately 116,500 unbacked rsETH (valued at around $293 million), deposited it as collateral into Aave, and borrowed real WETH, leading to significant bad debt risks for the protocol.Jeng revealed that Aave will also release a formal "listing standards handbook" for asset issuers in the future, and will begin evaluating the correlation between DeFi protocols from a systemic risk perspective, rather than analyzing individual pools in isolation.Additionally, a "DeFi United" bailout plan involving Lido Finance, EtherFi, Ethena, and others has been launched to cover collateral shortfalls and prevent further proliferation of bad debt. (CoinDesk)
Lido Updates Kelp Security Incident Progress: EarnETH Vault to Reopen After Protocol Recovery
Lido has provided the latest update on the Kelp security incident, stating that the Snapshot vote regarding the EarnETH first-loss protection mechanism falling below the 1% threshold has reached quorum and been approved. User losses from EarnETH will be fully covered by Lido Earn’s first-loss mechanism. The rsETH held by the attacker has been liquidated, and the related stETH has been transferred to the DeFi United rescue plan.Additionally, the EarnETH vault is expected to reopen shortly after the Kelp protocol resumes operation, at which point users will be able to deposit and withdraw funds normally. Lido emphasized that during the freeze period, both the EarnETH and EarnUSD vaults continued to generate yield. Currently, EarnETH users only need to wait for a brief unfreezing process to complete. Once funds are restored, compensation will be provided in accordance with the first-loss protection mechanism.
DeFi United Raises Over $300 Million in Funding
Circle Ventures, Consensys, and Joseph Lubin have announced their support for the DeFi United initiative, aimed at mitigating losses caused by the Kelp DAO vulnerability. Circle Ventures is supporting the ecosystem by purchasing AAVE tokens. Consensys and Ethereum co-founder Joseph Lubin have confirmed the provision of 30,000 ETH to DeFi United. To date, DeFi United has raised over 132,000 ETH, with a total value exceeding $300 million. These funds will be used to cover bad debts resulting from an attacker minting unbacked rsETH via the LayerZero bridge and borrowing assets on Aave. Previously, Aave proposed a donation of 25,000 ETH, while Lido DAO, Ether.fi, and Kelp have respectively proposed or pledged donations of 2,500 ETH, 5,000 ETH, and 2,000 ETH.
Management fee reduced to 0.2%, performance fee increased to 15%: Lido EarnUSD adjusts fee rates
Odaily report: Lido has announced that EarnUSD will adjust its fee model, with a fee cap of 0.5% management fee and 20% performance fee. During the initial launch period, the fee rates will be set at 0.2% management fee and 15% performance fee; previously the rates were 1% management fee and 10% performance fee. All fees will be displayed in the EarnUSD vault user interface.
Joe Lubin Confirmed to Attend, Ethereum Ecosystem's Core Forces to Gather at the Ethereum Ecosystem Summit
Odaily News — The Ethereum Ecosystem Summit, jointly initiated by Sharplink, BlockUnion, and ETH HK Hub, and co-organized by Lido Institutional, will be held on October 8, 2026, in Singapore. The summit is aimed at Ethereum ecosystem builders, financial institutions, investors, and on-chain infrastructure teams, and will focus on discussions around Ethereum's long-term value, institutional adoption, and the development direction of agentic finance.Ethereum co-founder and Consensys founder Joe Lubin has confirmed his attendance and will hold a fireside chat with Sharplink CEO Joseph Chalom, reflecting on Ethereum's development over the past decade under the theme "Ethereum's Ten Years: From an Idea to the Future of Open Finance," and discussing the next phase of open finance.As one of the high-profile events focused on the Ethereum ecosystem during TOKEN2049, the summit will center on three core topics, including Ethereum's long-term value, infrastructure, and credible neutrality; institutional treasuries, asset tokenization, and on-chain infrastructure; and the agentic finance technology stack composed of stablecoins, tokenized assets, instant settlement, and autonomous commerce.The conference is also supported by ecosystem partners including SNZ, EthSystems, EthLabs, Ethereum Institutional, HashKey Capital, and Ethereum Singapore, and will invite representatives from fields such as Ethereum infrastructure, liquid staking, digital asset custody, payments, and on-chain finance to participate in discussions. More guests and the full agenda will be announced soon.
Lido Adjusts EarnETH Fee Structure: Management Fee Cut 80% with Shift Toward Higher Performance Fee Ratio
Odaily News - Liquid staking protocol Lido has announced an update to the EarnETH Vault fee structure, adopting a more flexible performance-linked fee model to reduce holding costs for users and strengthen the alignment between yield distribution and product performance.Under the new structure, EarnETH fees will shift from the previous "1% AUM fee + 10% performance fee" to a maximum of "0.5% AUM + 20% performance fee" model. The new fee structure will launch with "0.2% AUM + 15% performance fee," with any future adjustments to be announced separately.Lido stated that reducing the management fee from 1% to 0.2% will lower the cost of holding EarnETH for users in low-yield environments, while the increased performance fee ratio will better tie protocol revenue to the Vault's actual performance. All currently effective fees will be transparently displayed on the EarnETH Vault interface.This adjustment aims to optimize the fee mechanism of the EarnETH yield product, enhance fee flexibility, and strengthen alignment between users and the product's yield performance.
Lido 解读 NEST 机制：上线初期将采用“财库模式”，未来通过链上投票切换至 LP 模式
以太坊质押协议 Lido DAO 官方发文解读 NEST（Network Economic Support Tokenomics）机制，通过链上自动化方式将协议收入与 LDO 代币价值绑定，实现持续性的 LDO 回购，旨在让 LDO 持有者更直接分享协议增长收益。该机制由 DAO 国库盈余资金支持，当 Lido 质押业务收入超过设定基准后，部分超额收入将通过 CoW Swap 自动兑换为 LDO。 根据 Lido DAO 设定的初始参数，NEST 收入基准为年化 4000 万美元（约每日 10.9 万美元），超额部分的 50%将用于回购 LDO，每日回购上限为 5 万美元，365 天累计上限为 1000 万美元。回购执行每日进行，采用无需许可的链上流程。 NEST 上线初期将采用“财库模式”（Treasury-only mode），购买的 LDO 将直接进入 DAO 国库。未来在市场条件合适时，DAO 可通过链上投票切换至 LP 模式，将一半资金用于购买 LDO，另一半转换为 wstETH 并提供 Curve 流动性。
Sharplink Expands ETH Treasury Strategy, Staking $200 Million in ETH with Lido
Odaily News: Ethereum treasury company Sharplink (Nasdaq: SBET) announced it will stake $200 million worth of ETH through Lido, Ethereum's largest liquid staking protocol, to enhance returns on its ETH holdings.Sharplink stated that following this staking, the company will receive wrapped staked ETH (wstETH), which represents staked ETH and its rewards, with institutional-grade digital asset custodian Anchorage Digital responsible for custody. This allocation will further expand Sharplink's existing ETH staking and restaking strategies.Lido is currently one of Ethereum's largest liquid staking protocols, with approximately $16.5 billion in ETH staked on the platform. Its wstETH token has been integrated by over 100 protocols, with roughly $10 billion currently used as DeFi collateral. While holding wstETH, users' underlying ETH continues to accrue staking rewards and can still be utilized within the Ethereum DeFi ecosystem.Sharplink CEO Joseph Chalom stated that introducing Lido will further enhance the productivity of the company's ETH assets, leveraging wstETH's composability while maintaining institutional-grade risk management standards. This collaboration will strengthen the diversification of the company's treasury strategy and provide access to one of the most liquid and widely used assets in the Ethereum DeFi ecosystem.Vasiliy Shapovalov, Executive Director of the Lido Labs Foundation, stated that Sharplink's increased use of Ethereum's native staking protocols and DeFi ecosystem reflects its support for the Ethereum application ecosystem. (Globenewswire)
Lido launches large-scale Ethereum staking consolidation upgrade, expected to reduce the number of Ethereum validators by approximately one-third
According to CoinDesk, Lido has launched its largest upgrade since V2, planning to integrate more than 8 million staked ETH, valued at approximately $16.5 billion, into the new validator architecture following the Ethereum Pectra upgrade.
Related news
An address opened its first position worth $3.82 million in ETH, with 1,420 ETH deposited into Lido staking.
Over the past 3 hours, an address withdrew 1,420 ETH from OKX, valued at approximately $3.82 million, and subsequently deposited the entire amount into Lido for staking.
Worth $3.823 million, an address withdrew 1,420 ETH from OKX and deposited into Lido for staking
Odaily reports, according to on-chain analyst Ai Yi's monitoring, an address withdrew 1,420 ETH from OKX over the past 3 hours, worth $3.823 million, at a withdrawal price of $2,692.47, and subsequently deposited it into Lido for staking.
Management fee reduced to 0.2%, performance fee increased to 15%: Lido EarnUSD adjusts fee rates
Odaily report: Lido has announced that EarnUSD will adjust its fee model, with a fee cap of 0.5% management fee and 20% performance fee. During the initial launch period, the fee rates will be set at 0.2% management fee and 15% performance fee; previously the rates were 1% management fee and 10% performance fee. All fees will be displayed in the EarnUSD vault user interface.
SlowMist Yuxian: MetaMask Staking Node Issue Typically Does Not Affect ETH Principal
SlowMist founder Yu Xian stated that MetaMask Staking preemptively exited from the Lido validator set following an investigation into an infrastructure breach. Issues of this nature with staking nodes generally do not affect the ETH principal, but may impact staking rewards.
The Rollup Founder: Recommends Proactively Addressing Lido-Related Restaking ETH Exposure
The Rollup founder Andy stated that barring significant negative news, restaked ETH is expected to experience only minor outflows, and advised taking proactive measures on restaked ETH positions with Lido exposure.
MetaMask Staking Exits Lido Validators, Expected to Take Up to 45 Days to Gradually Recover
Lido stated that MetaMask Staking has taken precautionary measures and exited its operated Lido Ethereum validators following an investigation into an infrastructure intrusion incident, with the related ETH expected to gradually return to the protocol over a period of up to approximately 45 days.