Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Ethereum staking protocol Lido has launched a new version of its Community Staking Module, or CSM, allowing independent operators to run validators with up to 2,048 ETH, CryptoSlate reported.
The module is permissionless, and operators must post 32 ETH as collateral for the first validator and 30 ETH for each additional validator. Lido separately supplies the staking funds, allowing a validator’s effective balance to increase to as much as 2,048 ETH.
Lido estimated capital efficiency could reach around 2.18x to 2.26x compared with solo staking once the effective balance hits the maximum and staking rewards on the operator’s collateral are included. Initially, Lido plans to allocate 32 ETH each to around 32 validators and then seek to raise the funding allocation cap once they are activated. Additional allocations, however, will depend on factors including fund inflows.
As of Oct. 25, the Ethereum network had 1,295,748 ETH waiting to enter staking, with an estimated wait time of 22 days and 23 hours.