LDO price jumps 10% as Lido community approves staking module v2 upgrade
Main Idea
Lido's native token LDO price increased by 10% following the unanimous community approval of the Community Staking Module v2 upgrade, which aims to enhance decentralization, security, and performance in Lido’s ecosystem.
Key Points
1. LDO gained 10% in the past day as the governance vote for the CSM v2 ended with 100% support from the community.
2. The CSM v2 upgrade aims to make Lido’s staking module more secure, inclusive, and flexible, supporting EIP-7002 and improved Performance Oracle.
3. The upgrade introduces three node operator types: legacy early adopters, Identified Community Stakers, and new verified Ethereum staking community members.
4. LDO’s trading volume increased by 65% in 24 hours, with technical indicators supporting a bullish trend.
5. The proposal includes finalized key parameters, a Community Stakers’ Identification Framework, and operational funding for the CSM Committee.
Description
The cryptocurrency market signals key shifts as altcoins gain momentum while Bitcoin stays range-bound. Lido’s native token is among the alts leading the recovery. LDO has gained 10% in the past day as the governance vote for the CSM (Community Staking Module) v2 ends today with unanimous support. The 100% backing indicates excitement around this crucial upgrade, which promises improved efficiency, validator performance, and decentralisation. Lido has established itself as a cornerstone of ETH s...
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