Lido begins moving $16.5 billion in staked ether to cut validator count by a third
SummaryLido began its largest upgrade since 2023, consolidating more than 8 million staked ether onto Ethereums new post-Pectra validator design.The shift is expected to cut Ethereums total validator count by about one-third and reduce attestation messages by roughly 29% per epoch, easing load on the consensus layer without directly affecting gas fees or transaction speeds.Lidos curated node operators are moving to Curated Module v2, where all 34 existing operators will post locked ETH bonds for the first time, adding economic accountability. Liquid-staking protocol Lido deployed its largest upgrade since 2023s V2, starting the consolidation of over 8 million staked ether (stETH), worth roughly $16.5 billion, onto Ethereums post-Pectra validator design introduced a year ago. The move will shrink Ethereum‘s total validator count by an estimated one-third, significantly easing the load on the network’s consensus layer, Lido, the largest staking pool on Ethereum, announced Monday via an emailed press release. The migration will not directly reduce gas fees or speed up transactions for regular users, but it will improve network performance in the background. Lido said it expects the consolidation alone to cut attestation messages across the entire Ethereum network by roughly 29% per epoch, which is a predetermined period of time or a