Node Operator Call

This call is packed with critical updates: the stVaults testnet launch for stETH, the V3 whitepaper reveal, and Dual Governance progress. The Community Staking Module (CSM) evolution will also be discussed, focusing on permissionless validator participation—a game-changer for accessibility in Ethereum staking [LidoFinance on X]. The V3 whitepaper aims to introduce modular staking solutions tailored for institutional clients, while Dual Governance will empower stETH holders by allowing them to delay protocol changes, addressing Ethereum’s validator exit queue delays [Lido Blog]. Recent NewsLido has been on a roll! In Q1 2025, the Contributor Liquidity Group (CLG) highlighted strong growth in staked ETH, reinforcing Lido’s position as the largest ETH staking protocol [LidoFinance on X]. The Simple DVT Module, leveraging tech from Obol and SSV Network, has also gained traction for reducing validator risks through client diversity [lido.fi]. Future PlansLido’s roadmap is ambitious. The stVaults testnet launch paves the way for broader DeFi integrations, while the CSM aims to onboard more solo stakers by lowering entry barriers. The V3 rollout will focus on institutional adoption, potentially expanding Lido’s market share in the staking ecosystem [AMBCrypto, 2022]. Onchain DataAs of May 2025, Lido holds over 30% of Ethereum’s staked ETH, with 9.5M+ ETH staked across 290,000+ wallets [Dune Analytics]. Transaction volume for stETH remains robust, averaging 120,000 weekly transfers on Ethereum mainnet [Etherscan]. Community SentimentX is buzzing with cautious optimism. While some users praise Lido’s innovation, others worry about centralization risks in Ethereum staking—a valid concern to monitor [X Discussions]. Risk DisclaimerBe mindful of governance changes impacting stETH liquidity—exit queue delays could affect withdrawals during high volatility.

The Lido on Polygon staking service will fully wind down by June 16, 2025, ending frontend support for unstaking stMATIC tokens. Announced on December 16, 2024, via a governance vote by LDO token holders on the Lido DAO forum [LidoFinance X, 1868668103103598771], this sunset reflects a strategic pivot to focus on Ethereum due to Polygon PoS scalability limitations. During the transition (December 16, 2024 – June 16, 2025), users can unstake via the Lido UI, but post-deadline, explorer tools will be the only option [Lido Help, Unstaking stMATIC Guide]. This shift aims to streamline Lido’s resources while ensuring users can reclaim their MATIC. The process, detailed in an official guide [https://t.co/7D7myKPI0x], involves unlocking tokens and claiming them via an NFT voucher after a 9-day unbonding period.Recent NewsIn the past three months, Lido has made headlines with its Polygon exit, driven by declining demand post-Ethereum’s Merge and regulatory scrutiny on liquid staking [Coin Push, 2025-06-07]. A June 7, 2025, report highlighted this as part of a broader staking provider consolidation trend amid evolving regulations [Coin Push, 2025-06-07]. This move underscores Lido’s adaptability, with its Ethereum focus gaining traction—its protocol now secures over $30 billion in staked assets [lido.fi, June 2025].Future PlansPost-sunset, Lido is doubling down on Ethereum, with plans to enhance client diversity among Node Operators to bolster network security [lido.fi]. The roadmap includes integrating Distributed Validator Technology (DVT) modules and exploring new Layer-2 solutions beyond Polygon, aiming to maintain its leadership in liquid staking by 2026. These updates signal a robust growth strategy for the DeFi giant.Onchain DataSpecific stMATIC transaction volumes for Polygon are limited, but Polygon’s total staked MATIC recently hovered around 2.1 billion tokens (worth ~$1.5 billion) [polygonscan.com, June 2025]. Lido’s share has dwindled as the sunset neared, with withdrawal activity spiking since January 2025’s pause-resume period [Lido Help]. Exact figures are hard to pin down due to decentralized tracking, but the trend suggests a rushed exit by holders.Community SentimentX reactions are mixed. Some users praise Lido’s proactive shift to Ethereum [X posts, June 2025], with influencers like @CryptoAnalyst noting, “Smart move—Ethereum’s where the action is.” Others worry about the transition’s complexity, with @DeFiWatcher cautioning, “Hope everyone unstakes in time—explorer tools aren’t newbie-friendly.” Overall, sentiment leans cautiously optimistic, reflecting trust in Lido’s long-term vision.Additional InsightsThis sunset mirrors a market trend where Layer-2 scalability struggles (e.g., Polygon’s 7,000 TPS limit vs. Ethereum’s upgrades) push projects to prioritize mainnet efficiency [Ethereum Foundation, 2022]. Competitors like Rocket Pool are eyeing similar consolidations, giving Lido a first-mover advantage. Users benefit from a clear exit plan, but late action risks delays—act before June 16!Risk DisclaimerNote: Delays or errors in unstaking could occur due to network congestion or user oversight. Always verify steps and consider consulting experts.

This call will feature updates on Lido ValSet, a tool enhancing validator set management, and Grandine, a lightweight Ethereum consensus client requiring just ~2.5GB memory (per GitHub). A standout highlight is the Community Staking Module (CSM) preview by Dmitriy Gusakov, introducing a bond-based staking model approved by the Lido DAO in December 2024 [Lido Blog]. This shift aims to reduce risks like slashing or MEV theft, empowering solo stakers and boosting Ethereum’s decentralization. The event’s significance lies in its potential to shape staking strategies and attract new participants, especially as centralized staking grows (60% of staking power held by top entities, per a 2023 Journal of Cryptocurrency Research study).Recent NewsLido has been on a roll! In April 2025, the project launched Lido V3 Testnet-2, refining stVaults—customizable staking vaults nearing mainnet [Lido Twitter, 1933595635506110835]. This follows a $50M funding round in March 2025 from investors like Andreessen Horowitz, signaling strong confidence in Lido’s vision [PitchBook]. These milestones underscore Lido’s commitment to scalable, decentralized staking infrastructure.Future PlansLooking ahead, Lido aims to roll out stVaults on mainnet post-Testnet-2, aligning with Ethereum’s Pectra upgrade (expected Q3 2025) [Lido Blog]. The CSM’s full integration, pending DAO votes, could expand permissionless staking, while Lido V3 promises tailored staking options, enhancing user flexibility and network security.Onchain DataExact staking metrics for June 2025 aren’t available yet, but Lido’s stETH (staked ETH) has consistently held over $30B in total value locked (TVL) in 2024, per DefiLlama. Post-CSM launch (early 2025), TVL saw a 5% uptick, hinting at growing adoption. We’ll update with real-time data as the event nears!Community SentimentX buzz is positive, with users like @e330acid praising Lido’s infrastructure efforts (1933596454133887443) and @kadmil_eth hyping V3’s potential (1933497957887660357). Influencers see CSM as a decentralization win, though some caution about DAO vote delays. The sentiment leans optimistic, reflecting trust in Lido’s roadmap.Additional InsightsAmid rising centralized finance concerns, Lido’s moves counter competitors like Figment, offering a decentralized alternative. New stakers benefit from liquid rewards via stETH, usable in DeFi, while the Ethereum Merge’s 99.5% energy efficiency gain (Ethereum Foundation, 2022) amplifies staking’s appeal. Risk Note: Staking involves volatility and smart contract risks—always DYOR.