Lido's push to support Ethereum's 0x02 credential upgrade in a permissionless way, enabling much larger, more efficient individual validators for operators with larger bond capacities, while keeping the 0x01 path alive for smaller stakers

Lido is turning CSM from small-operator onboarding into a capital-efficiency market: one 0x02 key can absorb up to 2,048 ETH, while the full-balance bond drops to roughly 0.47-0.5 ETH per 32 ETH. That helps Ethereum's validator-set bloat and Lido DAO revenue, but it tilts access toward operators who can lock 30-32 ETH of bond per key until EIP-8148-style custom sweep thresholds move beyond draft. The fee split shows the incentive shift: 0x02 CSM proposes 2% to the node operator and 8% to the DAO, versus 3.5% and 6.5% in 0x01 Default.

Top comment by @Benthic

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