Lido Moves 8 Million ETH Onto 0x02 Validators Following Pectra Upgrade

Lido, the largest ETH liquid staking provider, moved over 8 million ETH—worth $16.5 billion—onto Ethereum's 0x02 validators following the Pectra hardfork earlier this year, according to Lido Labs Foundation. Node operators are consolidating stake from older 0x01 validators to the new format, which allows a single validator to hold up to 2,048 ETH instead of the previous 32 ETH cap. The migration shifts Lido's 0x02 validator share from approximately 32% to 52% and is expected to reduce Ethereum's total validator count by close to a third once complete. Separately, Lido deployed Curated Module v2, requiring Curated Node Operators to lock ETH bonds for the first time in five years, covering risks such as slashing and operational failures. Stakers holding stETH need not take action, as their holdings remain unaffected.
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