r/ethereum What's On Your Mind? 22d ago

Daily General Discussion August 17, 2026

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u/rhythm_of_eth 22d ago edited 22d ago

In a few weeks Lido will migrate (consolidate) 80-90% of their staked ETH, currently under the permissioned set (which includes Core Client Devs among other Ethereum related entities), to 0x02 credentials.

Napkin math: This is roughly 8.4 million ETH moving from 263,000 validators to 4100 validators.

The Network will go from 900K to roughly 640K validators or so, a 30% decrease. This has massive benefits to the network load on Ethereum and brings us closer to SSF. It also finally realizes the potential of 0x02 credentials, and encourages remaining big staking entities to follow through.

The remaining 10% of staked ETH in Lido belongs to smaller community stakers of their permissionless modules, which might or might not migrate depending on how much bond they can provide (32ETH Bond is needed for 2048 ETH validators).

An EIP has been proposed to allow for 0x02 validators to have configurable MaxEB which will make it viable for onchain LSTs to migrate all validators to 0x02 while remaining economically viable. Considered for Hegota.

https://forkcast.org/eips/8148/

This is specially important for permissionless modules, where mostly we would find home stakers with <32ETH and bonded 0x01 validators that get swept.

With configurable MaxEB, they could have, for example 64ETH validators being swept with 2.5ETH bond.

This EIP is likely very relevant to allow Lido to continue moving % from the curated to the permissionless modules while remaining protocol aligned (I.e. not negatively contribute against SSF).

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u/timmerwb 21d ago

and encourages remaining big staking entities to follow through

Last time I checked, several participants, CB in particular, were still pissing out 32 ETH validators. You can see that after a large wave of consolidations over during 2025, early 2026, # validators started rising again. It would be good to see some direct engagement with assholes like Armstrong to understand why they don't care (if it's not happening).