Lido Finance Responds to Oracle Breach, Expands stETH Access

Lido Finance Responds to Oracle Breach, Expands stETH Access
This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.

Lido Finance swiftly addressed a suspected private key leak from Chorus One’s oracle node, ensuring protocol security. Meanwhile, stETH expands to new networks like Lisk and Soneium, enhancing DeFi accessibility. Institutional integration with Copper further broadens stETH’s reach.

  • Lido DAO initiated an emergency vote to address a compromised oracle node, maintaining protocol security with a 5/9 quorum system.
  • stETH is now available on Lisk and Soneium, broadening DeFi accessibility and cross-chain utility.
  • Lido partnered with Copper to enable institutional ETH staking, while a new Multichain Hub streamlines stETH use across Layer 2 networks.
Related Tags: Ethereum
Other Tags: Lido DAO, DeFi, Lido Finance
Notifications 0