• Lido V2 is the protocol’s largest upgrade to date, focusing on staking routers and withdrawals.
• The upgrade will introduce a new modular architectural design, allowing for more diverse validator ecosystems.
• Withdrawal requests can be processed in two different modes – turbo mode and bunker mode – with code freeze and security audits already underway.
Lido V2: The Protocol’s Largest Upgrade
The team behind the protocol has revealed the proposal for Lido V2, which will be the protocol’s largest upgrade to date.
First Upgrade – Staking Router On Tuesday, the technical contributors behind Lido presented the proposal for the V2 upgrade, which is slated to further the protocol’s move toward complete decentralization. According to the announcement published on the official Lido website, the upgrade will focus on two major areas – staking routers and withdrawals. Currently, the protocol uses a singular NodeOperatorsRegistry, where a DAO selects node operators and incorporates them into a smart contract. However, the upgrade will introduce a new modular architectural design that users can employ to develop on-ramps for new Node Operators like solo stakers, DAOs, DVT clusters, etc. This will lead to the creation of a more diverse validator ecosystem. According to the master validator and protocol developer at Lido, Isidoros Passadis “A variety of different types of validator pools could be more easily accessed by the Lido protocol, including ones that solo and community stakers have a large participation in,” which would not only drastically increase the total number of node operators who participate in the Lido protocol but also “the diversity of their validator setups.”
Second Focus – Withdrawal Feature The second focus of