# General

**URL:** https://research.lido.fi/c/general/1.md

[Latest](https://research.lido.fi/latest.md) · [Categories](https://research.lido.fi/categories.md)

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## [Community Guidelines](https://research.lido.fi/t/community-guidelines/19)

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**Author:** [@kethfinex](https://research.lido.fi/u/kethfinex)\
**Replies:** 0\
**Last updated:** [November 20, 2020, 9:03am UTC](https://research.lido.fi/t/community-guidelines/19 "2020-11-20T09:03:08Z")

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This is a Civilized Place for Public Discussion Please treat this discussion forum with the same respect you would a public park. We, too, are a shared community resource — a place to share skills, knowledge and intere…

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## [Welcome to Lido DAO](https://research.lido.fi/t/welcome-to-lido-dao/7)

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**Author:** [@system](https://research.lido.fi/u/system)\
**Replies:** 32\
**Last updated:** [October 1, 2026, 1:32pm UTC](https://research.lido.fi/t/welcome-to-lido-dao/7 "2026-10-01T13:32:22Z")

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The governance platform for the Lido DAO. Lido DAO is a community that builds liquid staking service for Ethereum. Lido allows users to earn staking rewards without locking assets or maintaining staking infrastructure, …

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## [A message to the Lido team](https://research.lido.fi/t/a-message-to-the-lido-team/11915)

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**Author:** [@Aksusarya](https://research.lido.fi/u/Aksusarya)\
**Replies:** 32\
**Last updated:** [October 6, 2026, 4:52am UTC](https://research.lido.fi/t/a-message-to-the-lido-team/11915 "2026-10-06T04:52:15Z")

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First of all, let me state that this post is not intended to insult or belittle anyone’s achievements. However, it is time to engage in an open dialogue with users and token holders. As a crypto project, Lido is active…

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## [Curated Module Committee (CMC) reporting thread](https://research.lido.fi/t/curated-module-committee-cmc-reporting-thread/11845)

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**Author:** [@dgusakov](https://research.lido.fi/u/dgusakov)\
**Replies:** 4\
**Last updated:** [September 30, 2026, 8:08am UTC](https://research.lido.fi/t/curated-module-committee-cmc-reporting-thread/11845 "2026-09-30T08:08:38Z")

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This is forum thread is created to provide Lido DAO members with the clear information about actions taken by Curated Module Committee (CMC) and future plans.

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## [EIP-7251: Effects on Rewards & Risks](https://research.lido.fi/t/eip-7251-effects-on-rewards-risks/7718)

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**Author:** [@Aleksandr\_V](https://research.lido.fi/u/Aleksandr_V)\
**Replies:** 3\
**Last updated:** [September 29, 2026, 6:09pm UTC](https://research.lido.fi/t/eip-7251-effects-on-rewards-risks/7718 "2026-09-29T18:09:15Z")

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Hi there! The purpose of this thread is to collect discussion and community alignment with regards to support EIP-7251: Increase the MAX\_EFFECTIVE\_BALANCE in Lido protocol. Initially, @Mol\_Eliza and me conducted a stud…

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## [RFC\] LDO as Operator Bond: Linking Token Demand to Protocol Growth via stVaults Security Deposits](https://research.lido.fi/t/rfc-ldo-as-operator-bond-linking-token-demand-to-protocol-growth-via-stvaults-security-deposits/11937)

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**Author:** [@a8103419](https://research.lido.fi/u/a8103419)\
**Replies:** 0\
**Last updated:** [September 17, 2026, 3:19pm UTC](https://research.lido.fi/t/rfc-ldo-as-operator-bond-linking-token-demand-to-protocol-growth-via-stvaults-security-deposits/11937 "2026-09-17T15:19:25Z")

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Context Following tonight’s Poolside Institutional call, one thing is clear: the institutional pipeline is real (SharpLink, MetaMask, Curated Module growth). What remains unclear is how LDO holders participate in that g…

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## [Lido Ecosystem Grants Organization (LEGO) Reports](https://research.lido.fi/t/lido-ecosystem-grants-organization-lego-reports/10935)

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**Author:** [@Alex\_L](https://research.lido.fi/u/Alex_L)\
**Replies:** 6\
**Last updated:** [September 15, 2026, 5:19pm UTC](https://research.lido.fi/t/lido-ecosystem-grants-organization-lego-reports/10935 "2026-09-15T17:19:11Z")

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Hey hey all, from now on all LEGO reports will be published in this thread. Quarter 3, 2025 Grants Update Explore the detailed :backhand\_index\_pointing\_right:LEGO Q3’25 Wrap-Up available here…

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## [Discussion on LDO Value Accrual and Long-Term Future — Inviting Community Suggestions](https://research.lido.fi/t/discussion-on-ldo-value-accrual-and-long-term-future-inviting-community-suggestions/11858)

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**Author:** [@a8103419](https://research.lido.fi/u/a8103419)\
**Replies:** 0\
**Last updated:** [September 4, 2026, 4:44pm UTC](https://research.lido.fi/t/discussion-on-ldo-value-accrual-and-long-term-future-inviting-community-suggestions/11858 "2026-09-04T16:44:34Z")

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The biggest problem with LDO right now is not the product, not TVL, but value accrual. stETH is successful, and protocol revenue is stable, but none of that translates into LDO value. In the long run, this will cause Li…

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## [Capping the number of exit requests in a single VEBO oracle report](https://research.lido.fi/t/capping-the-number-of-exit-requests-in-a-single-vebo-oracle-report/11840)

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**Author:** [@chasing.rainbows](https://research.lido.fi/u/chasing.rainbows)\
**Replies:** 1\
**Last updated:** [September 1, 2026, 1:56pm UTC](https://research.lido.fi/t/capping-the-number-of-exit-requests-in-a-single-vebo-oracle-report/11840 "2026-09-01T13:56:29Z")

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TL;DR Lido Oracle 8.0.6 adds a temporary cap of 500 exit requests per Validators Exit Bus Oracle (VEBO) report. If the exit queue demand is larger, the rest is reported in the next frames (~5 hours each). This is an ora…

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## [Cost Discipline and Accountability: Questions Following the H1 2026 GOOSE Report](https://research.lido.fi/t/cost-discipline-and-accountability-questions-following-the-h1-2026-goose-report/11838)

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**Author:** [@a8103419](https://research.lido.fi/u/a8103419)\
**Replies:** 1\
**Last updated:** [August 29, 2026, 7:56am UTC](https://research.lido.fi/t/cost-discipline-and-accountability-questions-following-the-h1-2026-goose-report/11838 "2026-08-29T07:56:47Z")

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The market prices LDO as a claim on future cash flows to holders. When that price weakens persistently, it is not irrational sentiment — it is a rational repricing of expected value returned to tokenholders. The theory i…

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## [Reporting & Discussion](https://research.lido.fi/t/reporting-discussion/11836)

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**Author:** [@Jenya\_K](https://research.lido.fi/u/Jenya_K)\
**Replies:** 1\
**Last updated:** [August 28, 2026, 6:49am UTC](https://research.lido.fi/t/reporting-discussion/11836 "2026-08-28T06:49:22Z")

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A dedicated space for ongoing reporting on the Foundations’ work and financial performance. Reports and updates will be posted here as they are published. Use this thread to discuss the results, ask questions, or share …

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## [The ETHFI flip is not a vanity metric — it's a balance-sheet event for our brand](https://research.lido.fi/t/the-ethfi-flip-is-not-a-vanity-metric-its-a-balance-sheet-event-for-our-brand/11834)

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**Author:** [@a8103419](https://research.lido.fi/u/a8103419)\
**Replies:** 2\
**Last updated:** [August 27, 2026, 6:45pm UTC](https://research.lido.fi/t/the-ethfi-flip-is-not-a-vanity-metric-its-a-balance-sheet-event-for-our-brand/11834 "2026-08-27T18:45:10Z")

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LDO ($330M) now trades below ETHFI ($400M+) despite securing ~5x its TVL. Consequences compound quietly: • Leader premium lost: index products, institutional coverage and default allocations go to the #1 token by market…

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## [EIP-8363 Mitigation Plan](https://research.lido.fi/t/eip-8363-mitigation-plan/11784)

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**Author:** [@Ginsing](https://research.lido.fi/u/Ginsing)\
**Replies:** 21\
**Last updated:** [August 22, 2026, 9:32pm UTC](https://research.lido.fi/t/eip-8363-mitigation-plan/11784 "2026-08-22T21:32:30Z")

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EIP-8363 poses a major threat to our protocol, with potential revenue losses of 75% or more. Since we are already operating at a loss, this could be catastrophic. What is the DAO’s official stance and action plan if this…

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## [Lido Tokenholder Update Call — August 27](https://research.lido.fi/t/lido-tokenholder-update-call-august-27/11814)

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**Author:** [@bapaka](https://research.lido.fi/u/bapaka)\
**Replies:** 1\
**Last updated:** [August 20, 2026, 7:40pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-august-27/11814 "2026-08-20T19:40:19Z")

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The next Lido Poolside: Tokenholder Update community call is scheduled for August 27 at 14:00 UTC. Join Lido Labs leadership for H1 results, protocol and market updates, and what’s next. :spiral\_calendar: August 27, 2 P…

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## [Lido Tokenholder Update Call — May 21](https://research.lido.fi/t/lido-tokenholder-update-call-may-21/11551)

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**Author:** [@bapaka](https://research.lido.fi/u/bapaka)\
**Replies:** 2\
**Last updated:** [August 19, 2026, 1:54pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-may-21/11551 "2026-08-19T13:54:32Z")

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The next Lido Poolside: Tokenholder Update community call will take place on May 21 at 14:00 UTC. Join Lido Labs leadership for updates on current market conditions, how Lido has been navigating recent events across the …

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## [Lido Tokenholder Update Call — November 11](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505)

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**Author:** [@Jenya\_K](https://research.lido.fi/u/Jenya_K)\
**Replies:** 9\
**Last updated:** [August 19, 2026, 1:50pm UTC](https://research.lido.fi/t/lido-tokenholder-update-call-november-11/10505 "2026-08-19T13:50:15Z")

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The first Tokenholder Update Call will take place on August 14 at 2 PM UTC. How to join? No registration needed — watch the livestream: youtube.com/live/31b7WG\_vNdw Optional: Add it to your calendar via Lu.ma Want to…

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## [SSV IM x Lido incentives distribution](https://research.lido.fi/t/ssv-im-x-lido-incentives-distribution/9923)

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**Author:** [@Mol\_Eliza](https://research.lido.fi/u/Mol_Eliza)\
**Replies:** 31\
**Last updated:** [August 14, 2026, 12:00pm UTC](https://research.lido.fi/t/ssv-im-x-lido-incentives-distribution/9923 "2026-08-14T12:00:36Z")

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This post covers the operational procedure for how incentives related to SSV Network Validators in the Simple DVT and Community Staking Modules are allocated following the two Snapshot votes for the integration of the Si…

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## [Path to Curated Module as Public Good Operator](https://research.lido.fi/t/path-to-curated-module-as-public-good-operator/11785)

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**Author:** [@bloxster](https://research.lido.fi/u/bloxster)\
**Replies:** 2\
**Last updated:** [August 13, 2026, 8:20am UTC](https://research.lido.fi/t/path-to-curated-module-as-public-good-operator/11785 "2026-08-13T08:20:35Z")

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Hey Lido community :waving\_hand: I am writing on behalf of Erigon, the team running the Ethereum execution layer client and Caplin (consensus layer client). With CMv2 now live and the Public Good Operator type active, w…

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## [Using a Ledger for Multi-Factor Authentication (MFA)](https://research.lido.fi/t/using-a-ledger-for-multi-factor-authentication-mfa/11759)

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**Author:** [@Protocol\_Zero](https://research.lido.fi/u/Protocol_Zero)\
**Replies:** 5\
**Last updated:** [August 9, 2026, 11:04pm UTC](https://research.lido.fi/t/using-a-ledger-for-multi-factor-authentication-mfa/11759 "2026-08-09T23:04:05Z")

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Following recent security incidents, the idea of using a hardware wallet like a Ledger (such as a Nano S, Nano X) for Multi-Factor Authentication (MFA). Beyond standard hardware authentication, a key concept here is se…

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## [\[Security Disclosure\] 25/7/2026 Minor Underreporting of Total Protocol CL-side balances in Accounting Oracle Report](https://research.lido.fi/t/security-disclosure-25-7-2026-minor-underreporting-of-total-protocol-cl-side-balances-in-accounting-oracle-report/11756)

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**Author:** [@Izzy](https://research.lido.fi/u/Izzy)\
**Replies:** 2\
**Last updated:** [August 6, 2026, 8:51am UTC](https://research.lido.fi/t/security-disclosure-25-7-2026-minor-underreporting-of-total-protocol-cl-side-balances-in-accounting-oracle-report/11756 "2026-08-06T08:51:30Z")

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Lido contributors are investigating an issue related to today’s stETH rebase as reported by the protocol accounting oracle, resulting in a daily rebase APR of 2.04% instead of the expected 2.15%. This is not due to proto…

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## [Wisp ownership & governance](https://research.lido.fi/t/wisp-ownership-governance/11733)

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**Author:** [@Ginsing](https://research.lido.fi/u/Ginsing)\
**Replies:** 2\
**Last updated:** [July 30, 2026, 10:36am UTC](https://research.lido.fi/t/wisp-ownership-governance/11733 "2026-07-30T10:36:15Z")

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Hi everyone, Wanted to get more insights on wisp project: How it’s connected to the DAO? Where future wisp revenues will go? How it’s connected to LDO token? Would appriciate more transperency on points above as well…

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## [\[Discussion\] Verifying SRv3 module balances](https://research.lido.fi/t/discussion-verifying-srv3-module-balances/11758)

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**Author:** [@th0rgal](https://research.lido.fi/u/th0rgal)\
**Replies:** 0\
**Last updated:** [July 27, 2026, 8:50am UTC](https://research.lido.fi/t/discussion-verifying-srv3-module-balances/11758 "2026-07-27T08:50:32Z")

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Hi, While reviewing SRv3, I noticed that a malicious Accounting Oracle quorum gains slightly more control over module-fee distribution. This does not appear to be a big issue, but it seems worth discussing whether this…

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## [Sharing Our Mega Report on Lido: The Most Important Protocol on Ethereum](https://research.lido.fi/t/sharing-our-mega-report-on-lido-the-most-important-protocol-on-ethereum/11711)

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**Author:** [@FP\_Validated](https://research.lido.fi/u/FP_Validated)\
**Replies:** 10\
**Last updated:** [July 2, 2026, 1:40am UTC](https://research.lido.fi/t/sharing-our-mega-report-on-lido-the-most-important-protocol-on-ethereum/11711 "2026-07-02T01:40:31Z")

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Hi Lido community, We would like to share our recently published mega report on Lido: “Lido: The Most Important Protocol on Ethereum.” This report is our attempt to understand Lido not merely as a liquid staking protoc…

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## [Lido DAO LTM Financial & Governance Dashboard](https://research.lido.fi/t/lido-dao-ltm-financial-governance-dashboard/11614)

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**Author:** [@BCV](https://research.lido.fi/u/BCV)\
**Replies:** 3\
**Last updated:** [July 1, 2026, 4:10pm UTC](https://research.lido.fi/t/lido-dao-ltm-financial-governance-dashboard/11614 "2026-07-01T16:10:01Z")

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I built a simple Dune dashboard to track Lido DAO’s core financial and governance metrics in one place. One important limitation: I do not include detailed expense-related data here because it cannot currently be tracked…

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## [With Our Participation in Lido's IDVTC](https://research.lido.fi/t/with-our-participation-in-lidos-idvtc/11699)

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**Author:** [@FP\_Validated](https://research.lido.fi/u/FP_Validated)\
**Replies:** 0\
**Last updated:** [June 26, 2026, 2:18am UTC](https://research.lido.fi/t/with-our-participation-in-lidos-idvtc/11699 "2026-06-26T02:18:12Z")

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At FP Validated, we firmly believe that Lido is fulfilling its role as Ethereum’s default staking layer. We’ve long aligned and supported that vision by publishing research and educational content to help more people und…

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## [Seeking Lido IDVTC Partners](https://research.lido.fi/t/seeking-lido-idvtc-partners/11649)

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**Author:** [@FP\_Validated](https://research.lido.fi/u/FP_Validated)\
**Replies:** 4\
**Last updated:** [June 17, 2026, 1:41am UTC](https://research.lido.fi/t/seeking-lido-idvtc-partners/11649 "2026-06-17T01:41:14Z")

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Hello everyone, We are FP Validated, the validator arm of Four Pillars, a Korea-based, Asia-leading institutional research firm. Backed by institutional-grade infrastructure and a rapidly expanding validator operation, …

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## [Kelp Incident Review: EarnETH Exposure, Response, and Risk Framework Changes](https://research.lido.fi/t/kelp-incident-review-earneth-exposure-response-and-risk-framework-changes/11579)

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**Author:** [@lidolabs-operations](https://research.lido.fi/u/lidolabs-operations)\
**Replies:** 1\
**Last updated:** [June 4, 2026, 4:30am UTC](https://research.lido.fi/t/kelp-incident-review-earneth-exposure-response-and-risk-framework-changes/11579 "2026-06-04T04:30:21Z")

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1. Executive Summary On April 18, 2026, Kelp’s LayerZero bridge was exploited, leading to a deterioration of rsETH liquidity, and a market price significantly below its expected value across affected DeFi venues. Lido Pr…

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## [\[Security Bulletin\] Batched Immunefi-reported Weakness Disclosure — March 2026 (funds not at risk)](https://research.lido.fi/t/security-bulletin-batched-immunefi-reported-weakness-disclosure-march-2026-funds-not-at-risk/11342)

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**Author:** [@TheDZhon](https://research.lido.fi/u/TheDZhon)\
**Replies:** 7\
**Last updated:** [April 23, 2026, 3:31am UTC](https://research.lido.fi/t/security-bulletin-batched-immunefi-reported-weakness-disclosure-march-2026-funds-not-at-risk/11342 "2026-04-23T03:31:28Z")

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TL;DR Three low-to-moderate severity weaknesses were identified and reported through Lido’s Immunefi bug bounty program during the first three weeks of March 2026. None were exploited, no user funds were or are at risk, …

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## [GOOSE-2025 & EGGs-2025 Final Report](https://research.lido.fi/t/goose-2025-eggs-2025-final-report/11304)

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**Author:** [@lidolabs-operations](https://research.lido.fi/u/lidolabs-operations)\
**Replies:** 12\
**Last updated:** [April 22, 2026, 11:14am UTC](https://research.lido.fi/t/goose-2025-eggs-2025-final-report/11304 "2026-04-22T11:14:02Z")

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GOOSE-2025 & EGGs-2025 Final Report Executive Summary This report presents the 2025 execution update following the Snapshot vote GOOSE 2024 cycle: Lido DAO goals for 2025 (GOOSE 2025). In 2025, Lido DAO reconfirmed its …

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## [Lido Dual Governance Emergency Committee](https://research.lido.fi/t/lido-dual-governance-emergency-committee/10049)

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**Author:** [@GrStepanov](https://research.lido.fi/u/GrStepanov)\
**Replies:** 14\
**Last updated:** [April 21, 2026, 12:34pm UTC](https://research.lido.fi/t/lido-dual-governance-emergency-committee/10049 "2026-04-21T12:34:59Z")

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This thread is meant to be the coordination point for the Dual Governance Emergency Committee. The Emergency Committee is a temporary failsafe for the first year post-deploy \[SPEC\]; composed of two multisigs with the sa…

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