ido

The Ethereum staking protocol Lido DAO officially interprets the NEST (Network Economic Support Tokenomics) mechanism, which binds the protocol's revenue to the value of LDO tokens through an on-chain automated method, achieving continuous LDO buybacks. The aim is to allow LDO holders to more directly share in the protocol's growth profits. This mechanism is supported by the surplus funds of the DAO treasury. When Lido's staking business revenue exceeds the set benchmark, a portion of the excess revenue will be automatically exchanged for LDO through CoW Swap.According to the initial parameters set by Lido DAO, the NEST revenue benchmark is an annualized $40 million (approximately $109,000 daily), with 50% of the excess allocated for LDO buybacks, a daily buyback limit of $50,000, and a cumulative limit of $10 million over 365 days. Buybacks are executed daily using a permissionless on-chain process.In the initial phase of NEST, a "Treasury-only mode" will be adopted, where purchased LDO will go directly into the DAO treasury. In the future, when market conditions are favorable, the DAO can switch to LP mode through on-chain voting, using half of the funds to purchase LDO and converting the other half into wstETH to provide Curve liquidity.

Justin Drake posted on the X platform that Ethereum L1 will no longer use the SNARK-friendly hash function Poseidon, which has dominated since 2019, and will instead turn to traditional hash functions such as SHA2 or BLAKE2s.This adjustment is based on advancements in the field of SNARK design, shifting the focus from "SNARK-friendly hashing" to "hash-friendly SNARK." By aligning Boolean operations in traditional hashing with binary field native, the proof performance of traditional hashing in SNARK has reached 1 million per second, with an overhead of about 100 times.Research from Binius and Flock has driven relevant progress. The Ethereum Foundation's post-quantum team is advancing this route, with a roadmap that includes deploying production-level leanVM in 2027, and deploying in the consensus layer, execution layer, and data processing layer in 2028.Justin Drake also stated that the enhanced capabilities of AI in cryptanalysis have recently led to setbacks for the lattice-based scheme HAWK and the homomorphic scheme SQIsign, with hash-based schemes being used for post-quantum signatures on the blockchain. The trend of open-source automated research is also accelerating, with SNARK.fast achieving 1.8 million BLAKE3 proofs per second.

According to GlobeNewswire, Sharplink (Nasdaq: SBET), an Ethereum treasury company, announced that it will stake $200 million worth of ETH through Lido, the largest liquid staking protocol on Ethereum, to enhance the yield capability of the company's ETH assets. Sharplink stated that after this staking, the company will receive wrapped staked ETH (wstETH) representing the staked ETH and its yields, which will be custodied by institutional-grade digital asset custodian Anchorage Digital.This configuration will further expand Sharplink's existing ETH staking and restaking strategies. Lido is currently one of the largest liquid staking protocols on Ethereum, with approximately $16.5 billion staked on the platform. Its wstETH token has been integrated by over 100 protocols, with about $10 billion used as collateral in DeFi. While users hold wstETH, the underlying ETH continues to earn staking rewards and can be used within the Ethereum DeFi ecosystem.Sharplink CEO Joseph Chalom stated that the introduction of Lido will further enhance the production efficiency of the company's ETH assets, leveraging the composability of wstETH while maintaining institutional-grade risk management standards. This collaboration will diversify the company's treasury strategy and connect to one of the most liquid and widely used assets in the Ethereum DeFi ecosystem. Vasiliy Shapovalov, Executive Director of Lido Labs Foundation, stated that Sharplink's increased use of Ethereum's native staking protocol and DeFi ecosystem reflects support for the Ethereum application ecosystem.

According to the Iranian Fars News Agency, informed sources revealed that the northern and southern channels of the Strait of Hormuz will be canceled, and all traffic will subsequently be transferred to the Central Corridor, managed by Iran at the entrance and jointly managed by Iran and Oman at the exit.

Lido Finance officially released a governance update, and Lido DAO has officially opened on-chain voting for the NEST automated buyback mechanism, with the voting window from August 5 to August 8 at 14:00 UTC.NEST is a set of automated, rule-based on-chain mechanisms that directly link the performance of the Lido protocol with the LDO token. The relevant design and parameters were approved through Snapshot voting in May. The core logic of NEST is to systematically buy back LDO tokens in decentralized markets through protocol revenue or liquidity controlled by the protocol, thereby continuously capturing the value growth of the protocol at the token level. The execution of the mechanism will revolve around the liquidity pair of LDO and wstETH, and specific implementation details are still being updated in the community forum.If this on-chain vote is approved, Lido will shift from a buyback plan driven by periodic governance to a continuous, predictable automated value distribution model.

Ripple announced strategic investments in ZILO and Licuido, stating that these transactions will introduce regulated transfer agents, securities issuance, and collateral liquidity functions to its infrastructure based on the XRP Ledger.

According to Jinshi reports, Iranian Foreign Ministry spokesman Baghaei stated that Iran is cooperating with Oman to establish a temporary security corridor in the Strait of Hormuz.

According to Onchain Lens monitoring, a certain wallet withdrew 4,950 ETH from Binance, worth approximately 9.34 million USD, and staked it through Lido.

According to on-chain analyst PeckShield (@PeckShieldAlert), the Solido Money protocol suffered a vulnerability attack, resulting in approximately 293.7 million SUPRA being stolen, of which about 220 million SUPRA has been transferred to a deposit address suspected to belong to Gate exchange.According to the official report from Solido Money, about 90% of the compromised funds belong to the foundation's holdings.

Ethereum's largest liquid staking protocol Lido announced the launch of the largest protocol upgrade since the V2 upgrade in 2023, which will integrate over 8 million staked ETH (approximately $16.5 billion) and migrate to the new validator architecture following the Ethereum Pectra upgrade. This migration is expected to reduce the number of Ethereum network validators by about one-third, lowering the load on the consensus layer.Lido stated that after the upgrade is completed, the number of attestation messages per epoch across the entire Ethereum network is expected to decrease by about 29%, thereby improving network operational efficiency. This upgrade will migrate professional node operators to the Curated Module v2 (CMv2) architecture. Unlike before, which mainly relied on operator reputation and historical performance, CMv2 requires Lido-selected node operators to lock ETH as collateral for the first time, providing economic guarantees for node operational performance.Lido indicated that all 34 selected node operators are expected to complete the migration, and no operators have exited due to the new collateral requirements. Lido's staking lead Isidoros Passadis stated that this upgrade will streamline the validator set supporting Lido's core staking business while enhancing security through capital constraints. Lido expects that this migration will result in a decrease of approximately 0.28% in annual staking yields for the protocol. Validators will continue to earn rewards before exiting the migration, with any yield loss likely occurring only during the brief period before balances are transferred to the new validators.

The Ethereum staking protocol Lido stated on platform X that the stETH Rebase has been completed as expected, and the missed ETH earnings due to insufficient calculations have been compensated, corresponding to an annual percentage rate (APR) of approximately 2.29%. At the same time, the protocol's oracle has been updated and passed the audit, with the new version improving report processing speed and helping to quickly identify the cause of similar issues in the future.Regarding the abnormal earnings calculation that occurred, Lido stated that contributors are currently conducting a root cause analysis, and more investigation details will be announced on the official forum and social media platforms. Throughout the entire incident, user funds have not faced any risk. The preliminary judgment is that the issue may stem from a special edge case: a validator in a pending deposit state was omitted from the earnings report, resulting in some staking earnings not being included in the calculations. Lido stated that a complete post-mortem report will be released in the coming days to further explain the cause of the issue, corrective measures, and subsequent improvement plans.

According to official news, Grayscale announced the appointment of Sebastian Pulido as the head of on-chain asset management, responsible for leading the company's on-chain product strategy.Sebastian has worked at Aave Labs, Goldman Sachs, and the Kinexys team at JPMorgan, possessing extensive experience in institutional finance and the digital asset sector.

According to Yu Jin Monitoring, an initial investor/institution of Lido transferred 4.3 million LDO (1.61 million USD) to Kraken after holding LDO for five and a half years. This institution received an investment allocation of 5 million LDO in December 2020, and at its peak in 2021, these LDO were worth 30 million USD, but now their market value is only 1.88 million USD.However, their cost of acquiring the coins was only 0.0085 USD, and even at the current price, they still have over 40 times the profit.

According to monitoring by Onchain Lens, Justin Sun has recently continued to stake ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total stake on Lido to 247,436 stETH, currently valued at about $430.2 million.Data shows that since February 2023, this staking position has generated a total of 11,307 stETH in staking rewards, worth approximately $26.82 million. Based on the current yield level, Justin Sun's position has an annualized return of about $9.5 million.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Wimbledon ATP: Felix Auger-Aliassime vs Alejandro Davidovich Fokina," the sub-market "Wimbledon ATP: Felix Auger-Aliassime vs Alejandro Davidovich Fokina" saw a dramatic fluctuation in the winning probability for the option "Felix Auger-Aliassime," dropping from 60.5% an hour ago to the current 39.5% (a fluctuation of 21%). Please note the impact of related breaking news.

According to Onchain Lens monitoring, a certain wstETH whale withdrew 4,942 ETH from Binance, worth 8.83 million USD, and immediately staked it through Lido, receiving 3,990 wstETH in return.In the past 24 hours, this whale also withdrew 211.5 WBTC from Binance, worth 13.25 million USD. Currently, the total amount withdrawn has reached 22.08 million USD, with ETH having directly entered staking.

According to on-chain analyst Yu Jin's monitoring, the digital asset technology company KR1, listed on the London Stock Exchange, transferred 3.7 million LDO to Kraken one hour ago, equivalent to approximately 990,000 USD at current prices. KR1 is also an investor in Lido.Considering its current holding structure, the assets held by KR1, including ETH, DOT, NXM, RED, LDO, ATOM, and TIA, have generally experienced significant drawdowns this year, and this transfer may be related to asset adjustment needs.

According to The Block, crypto bank Anchorage Digital announced that it has integrated Lido, the largest liquid staking protocol for Ethereum, providing institutional clients with direct access to its derivative asset wstETH.Institutional users can mint and burn wstETH, while earning Ethereum staking rewards, combined with the custody and governance compliance framework provided by Anchorage.

According to Onchain Lens monitoring, the Ethereum Foundation has staked 4,938 ETH (7.86 million USD) with Lido and may continue to stake more.