Lido DAO approves community participation module for Ethereum mainnet activation

After a successful vote, Lido DAO has given the go-ahead to activate the Community Staking Module (CSM) on the Ethereum mainnet.

As the first feature of the Lido protocol to allow open access, CSM aims to enable a wider range of participants to operate Ethereum validators, even with minimal technical experience and less than 32 ETH.

Promotion of decentralization

According to the official press release shared with CryptoPotato, CSM will initially be rolled out to Early Adoption participants, but there are plans to make it completely permissionless soon.

The CSM aims to address several aspects of Ethereum’s individual staking landscape by allowing users to participate with smaller ETH deposits. The initial deposit requirement is set at 2.4 ETH (or 1.5 ETH for those approved for early adoption) for the first validator, dropping to 1.3 ETH for each additional validator.

Early adopter participants, selected from a community-driven assessment of potential solo participants, can begin using CSM to run validators before it opens to the public.

Dmitry Gusakov, Lido protocol contributor and CSM technical lead, said the new CSM model will allow more people to contribute to Ethereum’s security and decentralization, creating a healthier and more resilient network.

“We want to break down barriers, making it possible for anyone, regardless of their financial circumstances or technical experience, to help secure Ethereum. Beyond the technology, we’re also supporting the growing global community of individual gamblers through the Community Lifeguards Initiative to ensure everyone has the resources and knowledge to succeed.”

CSM Testnet Success

According to Lido, the CSM aligns with Ethereum co-founder Vitalik Buterin’s vision of empowering solo participants to strengthen the network’s resilience. By allowing more independent participants to join, CSM helps reduce the concentration of validation control held by a few large, authoritative entities. This greater diversity among operators is expected to increase “Ethereum’s security, resilience and resistance to censorship.”

As of July 1, 2024, the CSM testnet has been live on Ethereum’s Holesky testnet and is still available. During this period of more than three months, around 370 node operators have participated, with 70 individual stakers joining in just the first 10 days.

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