The team behind Lido, a leading liquid staking platform, has announced the release of protocol update v3, scheduled for summer 2025.
Key Innovation – Modular Smart Contracts (stVaults)
At the core of v3 are stVaults, innovative smart contracts that allow users to customize their staking experience. These contracts enable fine-tuning of staking mechanisms, including commission settings and the selection of trusted operators.
Rollout Phases:
- Creation of restaking vaults based on existing technologies, along with the formation of preliminary deposits that will be transferred to stVaults upon mainnet launch.
- Deployment in the testnet and integration with ecosystem partners.
- Mainnet launch, granting users full access to the new staking mechanism.
Tailored for Institutional Players
While the stVaults system is designed to be as universal as possible, the developers have prioritized institutional stakers, node operators, and asset managers as their primary audience.
According to the official blog, stVaults will function as a separate non-custodial platform alongside Lido Core. Participation in the new system will be voluntary, allowing users to experiment with individual staking strategies and adjust to emerging asset reallocation trends without introducing additional risks to the ecosystem.
Lido DAO will determine the timeline for rolling out the update in both the testnet and mainnet.
Surging Interest in Liquid Restaking
In 2024, TVL in Ethereum-based liquid restaking protocols skyrocketed by nearly 6000%, highlighting the sector’s rapid growth and increasing adoption.
