Lido is preparing to launch the v3 update
Date: 2025-02-12 Author: Oliver Abernathy Categories: BUSINESS
These contracts will allow users to flexibly configure staking parameters, including regulating fees and choosing trusted operators.
The rollout of the update will take place in three successive stages:
1. Creation of the first restaking vaults based on existing technologies, as well as preparation of deposits that will later be integrated into stVaults when entering the main network.
2. Testing in the test network and work on integration with partners.
3. The final launch of stVaults on the main network.
The specific timing of the update will be determined by the Lido DAO community.
According to the developers, the new version is aimed at institutional users, node operators and asset managers. Despite this, the functionality of stVaults was created with maximum versatility in mind.
As stated in the project blog, stVaults will exist independently of Lido Core, remaining a non-costodial platform. Users will be able to voluntarily use this technology, which will allow experimentation with different asset redistribution strategies without threatening the rest of the ecosystem.
Earlier it was reported that in 2024, TVL in Ethereum protocols associated with liquid restaking increased by almost 60 times.
