Background and Context
The CMC has reviewed the recent business changes affecting the node operator Pier Two, a participant in the Lido Curated Module, Simple DVT Module, and stVaults.
Pier Two has been acquired by Bitmine Immersion Technologies and will continue validator operations under the MAVAN brand (“MAVAN, a Bitmine company”). Based on the information shared by Pier Two and Bitmine on the forum, as well as follow-up discussions with the CMC, validator operations will continue to be managed by the existing Pier Two team and infrastructure. No significant changes to validator operations, custody, or key management are planned, and no validator migration is expected as a result of the acquisition. The only operational adjustments under consideration relate to increasing EL/CL and validator client diversity to further strengthen client diversity across the set.
MAVAN also confirmed continued participation in the Simple DVT Module and ongoing focus on stVaults (operated alongside RockSolid), with no changes to commitments in either area.
Conclusion
Based on the disclosures shared by Pier Two and Bitmine, the follow-up clarifications received, and the absence of any planned changes to team, infrastructure, key management, or geographic deployment, the CMC has not identified any concerns that would warrant proposing to block MAVAN’s participation as a node operator in the Lido Curated Module.
Proposal
Allow Pier Two (operating as MAVAN) to continue node operator activities as a part of the Lido Node Operator set.
Next Steps
This proposal is open for community feedback for a period of one week. If no major objections are raised during this time, the CMC suggests proceeding with a Snapshot vote to receive DAO confirmation regarding the changes.