Bitwise completes first validator consolidation on Lido Core under CMv2
- —The consolidation will cover about 8.4 million ETH worth $16.5 billion
- —Lido's validator count will fall by roughly a third
- —Attestations per epoch will drop by 29%
- —CMv2 has 34 operators, all subject to ETH bonding requirements
Why it matters: Reducing the load on Ethereum's consensus layer will speed up finalization and improve the efficiency of the largest staking protocol.
Source: Crypto Briefing