Lido Migrates $16.5B Staked ETH Amid Protocol Restructuring Efforts
Lido has launched a massive migration of staked Ethereum (ETH) worth $16.5 billion to restructure its validator architecture.
The move is aimed at improving the overall efficiency and security of the Lido protocol, which allows users to stake their ETH without having to run a full node on the network.
Lido's staked ETH represents approximately 14.7 million ETH, accounting for around 68% of all liquid staked ETH in circulation.