Lido Protocol has rolled out a new feature called the Community Staking Module (CSM). This initiative aims to make it easier for people to participate in Ethereum staking.
Dmitry Gusakov, a contributor at Lido Protocol, explained, “The Community Staking Module allows more people to contribute to Ethereum’s security and decentralization, creating a healthier, more resilient network.” He emphasized that anyone, regardless of their financial situation or technical skills, should have the chance to help secure Ethereum. Lido is also backing the solo staker community through the Community Lifeguards Initiative. This program provides the resources and knowledge needed for success.
The CSM is designed with accessibility in mind. Unlike other staking options that often require hefty bonds or complicated processes, CSM allows participants to stake using only ETH. This makes it a great choice for those who want to support Ethereum’s decentralization.
This launch reflects the vision of Ethereum co-founder, Vitalik Buterin. He believes solo stakers play a crucial role in strengthening the network. By encouraging more independent stakers, the CSM aims to reduce the power held by a few large entities. This diversification is vital for enhancing security and resistance to censorship.
The CSM testnet kicked off on July 1st and is currently active on the Ethereum Holesky testnet. It remains open for participation. Over three months of testing have shown that the module is reliable and user-friendly. In this phase, more than 370 unique node operators have joined, including 70 solo stakers within the first 10 days. These results suggest that CSM has strong potential to increase the number of node operators using the Lido Protocol.