‘Fully Trustless Protocol’: Lido Shares Update On Withdrawal Key Rotation
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- Lido aims to become fully decentralized and outlined steps towards self-custody.
- No significant increase in LDO’s token value despite significant development.
- Lido updated on the unlocking and withdrawal process for staked ETH and resolved eight issues.
The most recent announcement from Lido addressed the platform’s move towards decentralization and self-custody, which was a response to previous concerns about its centralization. The update explained the steps that Lido must take in order to become a fully trustless protocol, with withdrawal key rotation being the initial step.
The update provides a breakdown of each step and its significance for the protocol’s trajectory. Despite this significant development, there doesn’t seem to be a notable increase in the token’s value.
The recent update from Lido included information ab…
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