Lido V3 — Design & Implementation Proposal

Proposals Lido V3
22

:hammer_and_wrench: Update on Phase 3 of the stVaults Rollout Plan

Hi all!

Here’s an update on Phase 3 of the stVaults rollout plan.

:date: Timeline

Phase 3 is expected to go live in early March 2026.

:brick: Gradual Enablement of Permissionless Minting

To enhance protocol security, permissionless minting in stVaults will be introduced gradually. The minting limit for the Default Tier will be increased in phases:

  • At Phase 3 launch:

    5,000 stETH (equivalent to 10,000 ETH with a Reserve Ratio of 50%)

  • Later, based on demand:

    50,000 stETH (100,000 ETH with RR = 50%)

  • Eventually, based on demand:

    500,000 stETH (1,000,000 ETH with RR = 50%)

:puzzle_piece: Tier Upgrades for Identified Node Operators

With Phase 3, all Identified Node Operators (excluding custom setups) will receive upgraded stETH minting terms according to their assigned Category:

  • Higher per-operator stETH minting limits

  • Four additional tiers will be added to support more granular configurations

5 Likes