Lido DAO Approved CSM v3 and Curated Module v2

Lido DAO approved the upgrade of Community Staking Module to v3 and the addition of Curated Module v2 on July 23rd. The proposal entered Dual Governance review and will be deployed to mainnet if it is not vetoed.Refer to the official tweet by LDO:Lido DAO has approved the vote, which includes upgrading CSM to v3 and adding a new Curated Module v2 on-chain. It is now under Dual Governance review.Given no veto, it will be enacted and deployed to mainnet.As this is a protocol-level upgrade, no action is required from…LDO InfoThe Lido project is a liquid staking platform for PoS (Proof-of-Stake) cryptocurrencies, which enables users to stake their tokens on Lido and receive tokenized versions of their staked assets at a 1:1 ratio. Lido supports Ethereum 2.0 staking and other Layer 1 PoS blockchains, such as Solana, Polygon, Polkadot, and Kusama. By issuing these tokenized assets, users maintain liquidity and are able to participate in DeFi activities for additional yield while earning staking rewards.The mechanism of operation for Lido revolves around its unique liquid staking solution. Users can stake any amount of PoS assets, addressing the issues of illiquidity, complexity, and centralization present in traditional PoS staking. When a user deposits assets to Lido, they’re staked on the relevant blockchain via Lido’s smart contract, which manages deposits, withdrawals, fund delegation, fees, token minting and burning, and more. Users receive a tokenized version of their deposited funds (stAsset tokens), which can be used in DeFi protocols and dApps to earn additional rewards.Regarding the LDO token, it’s important to note that LDO is the native governance token of the Lido protocol. Holders of LDO tokens have the power to vote on proposals in the Lido DAO (Decentralized Autonomous Organization). The DAO governs the protocol and makes crucial decisions regarding its operation, ensuring alignment with stakeholder interests. The DAO manages fee parameters and distribution, addition and removal of node operators, and other aspects of the protocol, maintaining transparency and decentralization.