Lido DAO announces new phase on Ethereum with Simple DVT module

Lido DAO voted on the deployment of the Simple DVT module nearly six months ago, it is ready for mainnet as of April 17. Simple DVT helps to make Lido ’s technology accessible to more users. LDO price is down nearly 3% in the past day. Lido DAO announced that the Simple Distributed Validator Technology is now officially ready for mainnet deployment.

The clusters labeled Obol Cohort 1 are ready to accept Ethereum deposits. The Ethereum staking protocol’s goal was to diversify the Node Operator set with the participation of community and solo stakers within its ecosystem. The new depositable Ether will flow into the Simple DVT Module, and once it reaches capacity, it will go to the Curated Module.

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