Lido Finance suspended operations of its EarnETH vault after discovering that 9% of its assets were exposed to rsETH, following a major security breach at KelpDAO. The breach involved a malicious actor minting over 116,500 rsETH tokens, causing significant market disruption and liquidity challenges across DeFi lending platforms. Lido's core staking products remain unaffected, and the protocol is implementing risk mitigation measures including deleveraging and using $3 million from its treasury as a financial buffer. Withdrawal processes are paused or adjusted until liquidity stabilizes, with ongoing efforts to monitor and recover from the incident.
Lido Finance has reintroduced its Integrated Fast Swaps feature, allowing users to instantly swap stETH into ETH, USDC, or WBTC via CoWSwap's batch auction system without waiting in Ethereum's traditional withdrawal queue. This feature completes tran...
Ethereum's Pectra upgrade raised the validator balance cap from 32 ETH to 2,048 ETH and introduced native compounding of staking rewards, aiming to reduce validator sprawl and improve efficiency. However, consolidation of validators is progressing sl...
