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Lido Begins Migrating $16.5 Billion in stETH

Lido Begins Migrating $16.5 Billion in stETH

Lido is consolidating more than 8 million stETH on Ethereum and switching to Pectra’s new validator design. The upgrade is meant to ease pressure on the consensus layer and, for the first time, puts a mandatory bond on operators.

Blockchain is a decentralized digital ledger in which transactions are recorded.

Blockchains make it possible to store data and transactions transparently and securely without a central administrator. They form the foundation for cryptocurrencies, smart contracts, and decentralized apps.