Lido Begins $16.5B ETH Migration to Reduce Validator Count
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Coinfomania - are covering this story. TL;DR Lido began migrating more than 8 million staked ETH, valued near $16.5 billion, onto Ethereum’s post-Pectra validator architecture in its largest upgrade since 2023. The consolidation may cut Ethereum’s validator count by one-third an…
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Lido Launches $16.5B Staked ETH Migration to Restructure Validator Architecture
TL;DR Lido began migrating more than 8 million staked ETH, valued near $16.5 billion, onto Ethereum’s post-Pectra validator architecture in its largest upgrade since 2023. The consolidation may cut Ethereum’s validator count by one-third an…
Lido Begins $16.5B ETH Migration to Reduce Validator Count
Lido has started a major ETH migration aimed at cutting down its validator count, a crucial move for Ethereum's network efficiency.