CandleFocus

Lido lowers the crypto staking threshold to 2.4 ETH per nodes

Lido, a liquid staking protocol, has released the Community Staking Module (CSM), allowing users to become network validators by staking only 2.4 ETH instead of the previous requirement of 32 ETH. This aims to increase decentralization within the Ethereum network. The CSM aligns with Ethereum co-founder Vitalik Buterin's vision of solo stakers playing a crucial role in enhancing the network's resilience. Lido is expected to significantly increase the number of node operators using the protocol with this update. The protocol currently dominates the Ethereum staking market but has been losing ground to competitors. The LDO governance token has experienced a drop in value.

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