The developers behind Lido, the largest stacking service at Ethereum, have suggested to remodel the stacking platform with modular “vaults.”
The new framework would introduce Stvaults, a customized component designed to help Lido meet institutions and more complex efforts strategies.
Lido currently allows investors to gather their ether (ETH) together and “stick” their crypto – who lock their tokens with the network and help ensure that in exchange for interest.
Lido was pioneering Liquid Stake: Users get a receipt on their deposit called Lido Staket Eth (Steth), which they can act at any time. With Liquid Stake at Lido, the entry and end of stake positions became as simple as buying and selling Steth -Tokens.
Lido V3’s STVAULTS are “modular smart contracts designed to meet the different and evolving needs of Ethereum participants,” according to a press release shared with Coindesk. The upgrade would enable setups of bets in addition to clip-and-dry fluid setting.
Specifically, STVAULTS will be able to help institutional stakes who want to personalize their inauguration setups, node operators who want to attract high -volume stakes, and asset managers who want to create new cases of efforts.
The move reflects the growing institutional interest in Ethereum efforts when financial companies investigate ways to integrate yield-generating crypto products into their portfolios. STVAULTS is presumed to meet this interest by introducing modular building blocks that meet different content needs.
“What is important to understand with customizable infrastructure is that you can generally build even more complex products,” said Konstantin Lomashuk, the founder of Lido Staking Protocol.
The goal is “for Lido to be rebuilt as a foundation layer,” Lomashuk said. “It’s neutral infrastructure: Everyone can use, enter into their assets, exploit it, restore or exploit and have more liquidity.”
Developers’ vision for V3 is to develop Lido into an “open stack market” the user will be able to choose the one that stakes setup that fits their goals and risk profile — a departure from Lido’s catch approach to efforts where all users put on Same way through the same interface in return for the same interest rate.
The shift brings Lido further in line with other modular decentralized financing products (DEFI), such as Morpho and Symbiotic, using vault mechanisms respectively for loans and remnant. The upgrade also makes Lido more useful to restore – where ETH is “residue” to secure other protocols beyond Ethereum. “You can restore your stvault,” Lomashuk explained. “Liquid Restake -Tokens can use this infrastructure to grow Apr.”
Lido V3 was formally presented by a group of core developers for Lido Dao, the decentralized autonomous organization that manages the protocol on Tuesday. If DAO approves the proposal, V3 could go live at Ethereum’s mainnet as early as the third quarter of 2025.
“Now it’s a new phase,” Lomashuk told Coindesk.
Read more: Lido-co-founder teases the ‘Second Foundation’ for Ethereum in the middle of society’s setback
