Lido consolidates $16.5B in staked ETH to reduce validator count by 33%

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Liquid staking protocol Lido has begun migrating approximately 8 million ETH, valued at $16.5 billion, as part of a major restructuring effort. The move aims to reduce the platform's total validator count by roughly one third. As part of the same overhaul, Lido is introducing a new requirement for its professional node operators to post financial bonds for the first time. The consolidation is designed to improve the protocol's efficiency and accountability. No timeline for completion of the migration has been specified.

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