Lido on Solana to Upgrade to V2 in Middle November

P2P Validator, the development team of Lido on Solana, announced that Lido on Solana smart contract will be upgraded to V2 in the middle of November.

The upgrade focuses on validators, allowing operators to use their existing public Solana nodes with a commission of not more than 5%. The main changes include:

Validators will not need to set withdraw authority to Lido, and will receive block rewards and staking rewards in $SOL to their accounts directly;

There is no need for 100% commission nodes, so node operators can use their public node in the Lido set or make their existing Lido node public;

Set the maximum node commission to 5% to be eligible to receive a delegation from Lido on Solana.

Source

DeFi

Staking

Solana

Lido

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