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Lido has deployed the Simple DVT module on the mainnet

Lido has deployed the Simple DVT module on the mainnet

2024/04/17 04:00

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 Curated Operator Module and DVT solutions provided by Obol and SSV Network, offering solo and community stakers an opportunity to participate in running validators using Lido protocol. According to the initial proposal, this module's initial cap is 0.5% of total Lido stakes (which can be increased through DAO voting), expected to allow adding 250 net new node operators to the protocol. Moreover, to encourage node operator participation and support for DVT providers, the Simple DVT module charges a 2% treasury fee and an 8% module fee shared between node operators and DVT providers. The LidoDAO contributor team is also developing a Community Staking Module (CSM).

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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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