Lido Finances approves proposal to enable Obol decentralized staking module

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By BitcoinWiki News

Key Takeaways:

– Liquid staking protocol Lido Finance approves incorporating Simple Distributed Validator Technology (DVT) from the Obol Network
– Motion passes with over 99% support on Nov. 3
– Lido DAO cover fund to pay for module slashing penalties and other costs is also approved as a condition
– DVT allows for faster addition of new Node Operators to the Lido Node Operator set with increased resilience, distribution, and security
– Simple DVT module demonstrates the use of DVT on mainnet and aims to diversify the Lido Node Operator set on Ethereum
– Obol Labs, the firm behind Obol Network, sees this as a significant step towards diversification and decentralization
– Obol Network enables individuals to participate in an ecosystem of distributed staking validators
– This information is provided for informational purposes only and not intended as legal, tax, investment, financial, or other advice.


Lido Finance, a liquid staking protocol, has approved a proposal to incorporate Simple Distributed Validator Technology (DVT) from the Obol Network. The motion received over 99% support and allows for the Lido DAO cover fund to pay for module slashing penalties and other costs. DVT is seen as a fast way to add new Node Operators to the Lido Node Operator set, providing increased resilience, distribution, and security. This approval represents a significant step towards diversification and decentralization for Lido. The Obol Network, developed by Obol Labs, enables individuals to participate in distributed staking validators.

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