Lido | Crypto

When Uniswap’s administrators filed their “UNIfication” proposal on Nov. 10, it read less like a protocol update and more like a corporate overhaul. The plan would activate dormant protocol fees, channel them through a new on-chain treasury engine, and utilize the proceeds to purchase and burn UNI tokens. This is a model that mirrors share-repurchase […] The post Uniswap, Lido, Aave?! How DeFi Is Quietly Becoming More Centralized appeared first on CryptoSlate.

Lido launched Identified Community Staker applications on Ethereum mainnet, creating a verification track that gives individuals priority terms in the protocol’s Community Staking Module. Per Lido, ICS uses a points system across experience, engagement, and humanity. Applicants must meet minimum thresholds in each category and reach at least 15 points to qualify. The program is […] The post Why 2.2 million verified identities could reshape who profits most in Lido ETH staking appeared first on CryptoSlate.

Lido and ethena surged double digits Friday as both tokens look to return to last week's highs.

The vote will close in several days, and an investigation into the cybersecurity compromise is ongoing, according to Lido DAO members. The Lido Decentralized Autonomous Organization (DAO), the entity that governs the Lido liquid staking protocol, has initiated an emergency vote to rotate a compromised oracle — a bridge that connects real-world data to blockchain systems. According to members of the Lido DAO, an address belonging to the Chorus One oracle was compromised, and the Ether (ETH) balance associated with that oracle was drained in an incident still being investigated. Lido Finance emphasized that the issue is restricted to the Chorus One oracle and is not system-wide. The team also said the problem was not due to a coding problem in any particular blockchain oracle or software. Read more

Lido’s governance community is reviewing a new proposal to give staked Ethereum (stETH) holders more influence in protocol decisions. The May 8 proposal, dubbed Lido Improvement Proposal 28 (LIP-28), introduces a Dual Governance framework. Presently, only LDO token holders can vote on changes to the Lido protocol. This gives them complete control over decisions that […] The post Lido proposes dual governance upgrade to empower stETH holders in decisions appeared first on CryptoSlate.