Why Is Lido Moving $16B in Staked ETH to Pectra-Era Validators?
Operators have to lock up their own ETH as collateral now. Liquid staking app Lido has started moving the bulk of its staked ETH onto Ethereum’s larger post-Pectra validators, and the operators running them are now putting up their own capital for the first time. The main idea is that Lido’s curated node operators stop…