Lido Finances approves proposal to enable Obol’s decentralized staking module

The liquidity collateral agreement Lido Finance has approved a proposal to incorporate Obol Network's Simple Distributed Validator Technology (DVT), which was passed with over 99% support on November 3. As a condition, the use of Lido DAO's cover fund to pay for module reduction fines and other fees was also approved. Obol Network, developed by Obol Labs, allows individuals to participate in the ecosystem of distributed staking validators. Lido members stated in the proposal, "DVT represents the fastest way to add many new node operators to the Lido node operator set, including more diverse individual and community equity participants, while benefiting from the inherent advantages of the technology, such as enhanced resilience, distribution, and security."