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ETH Lido begins to integrate pledged ether, select module v2 is officially launched
Lido has begun to integrate its pledged ether. With the launch of Curated Module v2, this structural change aims to adjust the way the verifier organization of this maximum liquidity pledge agreement is based on token price events. According to reports, the integration involved the reconfiguration of approximately US$16.5 billion in pledged ether, aiming to reduce the number of validators in Lido by approximately one-third. The integration is currently described as just started rather than completed in transition.
Why integrated pledge of ether is crucial for Lido and Ethereum
Lido is one of the largest players in the Ethereum pledge space, so changes in its validator architecture are closely related to Ethereum users, even if they do not involve price data. The decrease in the number of validators mentioned in the report points to organizational adjustments within the pledge set-up rather than market catalysts. Essentially, integrating pledged ether into the new module simplifies the operator selection process and how ether is allocated among verifiers. This significance stems from the launch of the module itself; existing reports confirm the move but do not state its measurable impact on rewards, decentralization or operator economics.
This structural adjustment echoes a broader issue: how liquidity pledges coexist with other access channels. This topic has been discussed in the comparative report on liquidity pledge and Ethereum pledge ETFs. The adjustment also continues Lido's other infrastructure decisions, such as its Network Extension Committee selecting Chainlink CCIP for cross-chain security.
Highlights after the launch of select module v2
The report confirmed that integration and reduction in the number of verifiers have been initiated, but did not disclose the full scope, timeline or final status of the transition. Readers should view the current situation as an initial step rather than a completed migration. The main focuses include: launch progress, implementation details released by the Lido Operator Portal, and any governance announcements accompanying this adjustment. The breadth of coverage integrated in the verifier set will determine the ultimate importance of this change.
All currently available materials do not confirm the completion date or the quantitative impact on pledge income. Subsequent disclosures by Lido are needed to assess the ensuing operational changes, as is the case with other phased agreements, such as the Binance spot price range rule. Prior to this, the confirmed fact is that the integration under Selected Module v2 has just started.
