Lido has kicked off its largest upgrade since the 2023 V2 release, starting the migration of more than 8 million stETH into a new validator setup introduced after Ethereum’s Pectra upgrade. The staking protocol said the move covers roughly $16.5 billion in value and is designed to cut consensus-layer load rather than change user-facing transaction costs.
According to Lido, the migration is expected to reduce the total number of validators by about one-third and lower the number of attestation messages per epoch by around 29%. The protocol said those changes are aimed at making the validator architecture more efficient, while not directly affecting gas fees or transaction speeds.
The upgrade also moves Lido’s existing 34 professional node operators into Curated Module v2. For the first time, those operators will be required to post ETH bonds, putting their own capital at risk in relation to node performance and security. Lido added that the transition is likely to slightly reduce the protocol’s overall annualized staking yield by about 0.28%.
Lido has begun its biggest upgrade since V2 in 2023, moving more than 8 million stETH into a new validator architecture introduced after Ethereum’s Pectra upgrade. The migration covers roughly $16.5 billion in value.
Lido said the shift is expected to reduce the overall validator count by about one-third. It also projects a roughly 29% drop in attestation messages per epoch, a change intended to ease load on the consensus layer. The protocol said the upgrade does not directly affect gas fees or transaction speed.
As part of the rollout, Lido’s 34 existing professional node operators will be migrated to Curated Module v2. The new setup will also require them, for the first time, to post ETH bonds, meaning they will use their own capital to take on economic responsibility tied to node performance and security.
Lido expects the migration to slightly lower the protocol’s overall annualized staking yield by about 0.28%.
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