Lido DAO gives the first step towards decentralization, price is up

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Lido News

Cryptocurrencies

Lido DAO (LDO) is a blockchain that facilitates and offers users rewards for staking Ether.

Lido takes the first batch of simple DVT validators to live, a step taken to decentralize the protocol. Lido leveraged technology to expand the protocol to multiple node operators, inviting both solo and community stakers. LDO price adds 4% on the day, climbing to $2.035 on Friday. Lido DAO is a blockchain that facilitates and offers users rewards for staking Ether. The protocol has taken the first batch of simple Distributed Validator Technology live.

Rather than relying on a single node operator, DVT will allow single and community stakers to fulfil validator responsibilities. A node operator behind the X handle @KimonSh said that there are a total of 109 nodes, as of May 2. Solo stakers using Lido are here! The Lido Node Operator set now has 109 total Node Operators - that's 195% growth with only @ObolNetwork Cohort 1! Are you ready to see hundreds of Node Operators using the Lido protocol to run validators? https://t.

 

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