Lido Finances approves proposal to enable Obol’s decentralized staking module
The liquidity collateral agreement Lido Finance has approved a proposal to incorporate Obol Network's Simple Distributed Validator Technology (DVT), which was passed with over 99% support on November 3. As a condition, the use of Lido DAO's cover fund to pay for module reduction fines and other fees was also approved. Obol Network, developed by Obol Labs, allows individuals to participate in the ecosystem of distributed staking validators. Lido members stated in the proposal, "DVT represents the fastest way to add many new node operators to the Lido node operator set, including more diverse individual and community equity participants, while benefiting from the inherent advantages of the technology, such as enhanced resilience, distribution, and security."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A whale spent over $4 million to buy VIRTUAL, WLD, COOKIE and other tokens
CloneX NFTs Hit a Wall as Images Vanish From OpenSea

SUI Jumps 73% After Grayscale and Mastercard Boost
SUI gains 73% in a week, driven by a Grayscale Trust listing and a strategic partnership with Mastercard.SUI Skyrockets After Major Institutional MovesMastercard Partnership Fuels Adoption HopesWhat’s Next for SUI?

Whale Buys Back 8K ETH, Nets $159K in 10 Days
Whale repurchases 8,012 ETH at $1,779, repays debt, and earns $159K from ETH trading over 10 days.Whale Re-Enters ETH With $14M BuybackSmart Debt Management and Strategic TimingProfit Through Precision

Trending news
MoreCrypto prices
More








