News Explorer — Lido to Face Ethereum Staking Fines of Over $30,000

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Oct 12, 11:02 am

Decrypt

Lido to Face Ethereum Staking Fines of Over $30,000

Lido Finance, a liquid staking protocol, is facing a minimum penalty of 20 Ethereum after 20 validators associated with Launchnodes, one of Lido's node operators, were slashed from the Ethereum network. The initial loss to the protocol is around 20 ETH, with additional penalties expected for inactivity. The Lido team has built a reserve cover fund of approximately 6,200 ETH to help mitigate the slashing impact.

Lido Finance, a liquid staking protocol, is facing a minimum penalty of 20 Ethereum after 20 validators associated with Launchnodes, one of Lido's node operators, were slashed from the Ethereum network. The initial loss to the protocol is around 20 ETH, with additional penalties expected for inactivity. The Lido team has built a reserve cover fund of approximately 6,200 ETH to help mitigate the slashing impact.

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