Lido said it is investigating an issue tied to stETH’s latest rebase after the protocol’s accounting oracle reported a 2.04% annual percentage rate, below the expected 2.15%. The staking protocol said the shortfall was not caused by any protocol penalty. Instead, the oracle report failed to include an in-progress validator deposit worth 32 ETH. According to Lido, contributors reviewed the total balance of Lido validators on Ethereum’s consensus layer at the time the oracle report was published and afterward, and found no signs that any funds were at risk. The team also said users do not need to take any action. Lido added that it is still investigating the root cause of the reporting issue. Once a fix is in place, the next rebase will include the balance that was previously undercounted.
Lido said it is investigating an issue related to today’s stETH rebase.
Based on the protocol accounting oracle’s report, the annual percentage rate for today’s rebase came in at 2.04%, below the expected 2.15%. Lido said the gap was not the result of a protocol penalty. The issue came from an in-progress validator deposit of 32 ETH that was omitted from the oracle report.
No funds at risk, Lido says
Lido said contributors carefully checked the total balance of Lido validators on Ethereum’s consensus layer when the oracle report was published, as well as afterward, and found no indication that any funds were at risk. Users do not need to take any action, according to the team.
Next rebase to reflect undercounted balance
The team said it is investigating the root cause. Once the fix takes effect, the next rebase will include the balance that was previously undercounted.
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