Lido, a leading decentralized finance platform for Ethereum staking, has successfully completed all critical steps for its highly anticipated core upgrade. The development includes the approval of governance proposals, finalization of audits, completion of the testnet, and the passing of an on-chain vote implementing dual governance. With these milestones behind it, Lido is now poised for a mainnet launch, which is expected to enhance its capabilities and solidify its position in the institutional staking space.
However, Lido also disclosed a technical incident involving a rebasing miscalculation that temporarily affected stETH’s daily APR. Contributors identified that an unaccounted validator deposit of 32 ETH caused the reported APR to fall to 2.04% from the expected 2.15%. Lido assured users that no funds were at risk, as all validator balances were double-checked and verified. The team is actively investigating the accounting oracle oversight and has promised a fix in future updates. This minor glitch, while not indicative of any systemic risk, highlights the operational complexities inherent in decentralized protocols.
