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Lido (LDO) Faces Massive Correction As Token Losses Mount To 20%

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Lido (LDO) Faces Massive Correction As Token Losses Mount To 20% - NewsBTC

Quick Summary:

Introducing the Community Staking Module Early Adoption Program: A Unique Opportunity for Solo Stakers 🌐 Eligible operators can benefit from: 1️⃣ Early access to the CSM mainnet, avoiding competition from large staking entities for ETH allocations.2️⃣ A reduced requirement of… pic.twitter.com/x6N8oINq9l — Lido (@LidoFinance) October 4, 2024 According to the X post, stakers eligible for the program can enjoy early access to the CSM mainnet, a reduced capital requirement from 32 ETH to just 1.5 ETH, and a potential 2.37x higher reward per ETH.  In addition to these benefits, eligible operators are also allowed to run 12 validators.

However, with the market acting as a chaotic background for LDO, it might come later than what investors and traders expect.  Lido DAO Announces Community Staking Early Adoption Program Yesterday, October 5, Lido’s official X account announced the Community Staking Module (CSM) Early Adoption program designed specifically for solo stakers who want to taste the CSM environment before its initial launch.

According to Lido’s blog post, the limit will only be lifted after the early adoption phase.  To ensure that only solo stakers will have the opportunity to enter the program, Lido has put out specific filtration rules that will check each applicant if they are eligible for the program.  This development will ultimately stimulate retail interest in the platform as it lowers the economic barrier to participating in the network.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 15:30:07 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22911500

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

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News Last Updated: 10 hours ago

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