Vote on the proposed 'Merge-ready protocol service pack' for Lido on Ethereum
01Summary
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02Description
Lido dev team recently shared the plan for the Merge-ready protocol upgrade (see the "Discussion" link).
The main change required for the protocol to face The Merge is the ability to collect & redistribute post-Merge reward streams. At the same time, there are multiple protocol safety net improvements to be implemented along with this change, increasing the protocol resiliency & stability. Those are highly desired as the Lido has come past the 4m ETH staked threshold.
Below we list all the changes of the “Merge-ready protocol service pack”:
Major features
- LIP-12: On-chain mechanism for rewards distribution after the Merge
- LIP-6: In-protocol coverage application mechanism
- LIP-14: Protocol safeguards. Staking rate limiting
Minor features
- LIP-7: Composite oracle beacon report receiver
- LIP-8: Increase keysOpIndex in assignNextSigningKeys
- LIP-9: Add an explicit log for the stETH burn events
- LIP-10: Proxy initializations and LidoOracle upgrade
- LIP-11: Add a transfer shares function for stETH
- LIP-15: Protocol safeguards. Resume role
The changes are implemented with the following PR in the official Lido DAO repository: https://github.com/lidofinance/lido-dao/pull/401.
The on-chain code is peer-reviewed internally and audited by the MixBytes team.
Do you support the proposed 'Merge-ready protocol service pack' to upgrade the Lido protocol on Ethereum?
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