0x02 CSM: New Permissionless Module Launch
AI summary
This proposal seeks to launch a new, separate staking module called '0x02 CSM' within the Lido protocol. This module will allow Node Operators to run validators that support the new Ethereum standard (0x02 withdrawal credentials) which can handle up to 2,048 ETH, significantly more than the current 32 ETH. It will operate alongside the existing '0x01 CSM' module, which will continue to serve smaller operators. The goal is to adapt Lido to the latest Ethereum upgrades and offer more capital-efficient staking options.
If passed, Lido will support the new Ethereum validator standard, potentially increasing the efficiency and profitability for Node Operators who can manage larger stakes. This could also improve Lido's overall 'take-rate' (the portion of staking rewards it keeps). Node Operators who can leverage the higher effective balance will benefit, while smaller operators using the 0x01 CSM will see no direct change.
Voting results
Votes over time
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🐳 Whale votes
12 votes > 5% VPFull proposal
Summary
This proposal introduces 0x02 CSM, a new permissionless staking module that gives Node Operators a way to run validators with 0x02 withdrawal credentials, supporting an effective balance of up to 2,048 ETH. It complements the existing module, referred to as 0x01 CSM from here on, which continues serving smaller operators unchanged.
As set out in the recent Snapshot vote for LIP-33, 0x01 CSM will be upgraded (subject to DAO approval) to CSMv3 to support the new …