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Lido deploys Simple DVT module on mainnet

Lido deploys Simple DVT module on mainnet

Cointime2024/04/17 03:50
By: Cointime
DAO-0.76%LDO-4.68%SSV-3.40%

On April 17th, Lido announced that its SimpleDVT module has been deployed on the mainnet. This Simple DVT module (sDVTm) is the second mainnet Lido protocol module, which utilizes the established design of the Curated Operator Module and DVT solution provided by Obol and SSV Network, providing solo and community stakers with the opportunity to participate in running validators using the Lido protocol.

According to the initial proposal, the module's initial cap was set at 0.5% of the total Lido staked (which can be increased through DAO voting), and is expected to allow for the addition of 250 net new node operators to the protocol.

In addition, to encourage node operators to participate and support DVT providers, the Simple DVT module charges a 2% treasury fee and an 8% module fee, which are shared by node operators and DVT providers. The LidoDAO contributor team is also developing a Community Staking Module (CSM).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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