Lido and Stakely roll out public and institutional ETH staking vaults
Lido said blockchain infrastructure provider Stakely has launched two ETH staking products built on stVaults, Lido’s modular staking infrastructure. One is a public vault open to all users that combines ETH staking with EarnETH, Lido’s ETH DeFi strategy. The other is a dedicated institutional vault with customizable settings, allowing institutions to set their own fee structures and permission parameters while keeping assets segregated. According to Lido, Stakely acts only as a node operator running validators and does not custody institutional assets. Lido said stVaults is designed to address the trade-off between native staking and pooled staking by giving stakers validator choice while also providing access to stETH liquidity. On security, Lido said the stVaults smart contracts have been audited by multiple firms, including Certora and MixBytes, and are backed by a bug bounty program offering rewards of up to $2 million.
