The developers behind Lido, the largest service in Ethereum, have proposed to renew the “vault” modular rethink platform.
The new frame would introduce Stvaults, a customizable component designed to help lido to accommodate more complex institutions and strategies.
Currently, Lido allows investors to gather their ether (eth) and “rethink” their cryptography, blocking their tokens with the network, helping to ensure it in exchange for interest.
Lido was a pioneer in liquid bets: users get a receipt in their deposits called Lido Staked Eth (Steth) that can trade at any time. With the liquid rethinking in Lido, entering and leaving the rethinking positions it became as simple as buying and selling tokens Steth.
Lido V3 Stvaults are “modular intelligent contracts designed to meet the diverse and evolving needs of Ethereum participants,” according to a press release shared with Coindesk. The update would enable rethinking configurations beyond the cut and dry liquid bet.
Specifically, Stvaults can help institutional stakers who want to customize their rethinking configurations, nodes operators who want to attract high volume stakers and asset administrators who wish to create new cases of rethinking use.
The measure reflects the growing institutional interest in the participation of Ethereum as financial companies explore ways to integrate cryptographic products that generate performance in their portfolios. It is assumed that STVAults accommodate that interest in introducing modular construction blocks that meet different rethinking needs.
“What is important to understand with customizable infrastructure is that in general you can build even more complex products,” said Konstantin Lomastuk, the founder of the Staking Lido protocol.
The goal is “for Lido to rebuild as a base layer,” Lomashuk said. “It is neutral infrastructure: everyone can use, bet their assets, use it, rest or take advantage of and have more liquidity.”
The vision of developers for V3 is to evolve in an “open betting market”, the user can opt for any rethinking configuration that fits their objective and a risk profile: a deviation from the Lido rethinking approach, where All users are in user rethinking. The same way, through the same interface, in exchange for the same interest rate.
The change aligns more in line with other modular decentralized finance products (Defi), such as Morpho and Symbiotic, which use vault mechanisms for loans and replacement, respectively. The update also makes Lido more useful for restructuring, where ETH is “forwarded” to ensure other protocols in addition to Ethereum. “You can replenish your Stvault,” Lomashuk explained. “Liquid replacement sheets can use this infrastructure to cultivate the APR.”
Lido V3 was formally presented by a group of central developers to the Dao Lido, the decentralized autonomous organization that governs the protocol, on Tuesday. If the DAO approves the proposal, V3 could go live in the main Ethereum already in the third quarter of 2025.
“Now it’s a new phase,” Lomashuk told Coindesk.
Read more: Lido co -founder mocks the ‘Second Foundation’ for Ethereum in the middle of the community reaction
