👀 Weekly Digest

DeFi

Lido V2 Launch

Key updates of Lido V2

Withdrawal feature: Lido V2 has added the function of Ethereum withdrawal, which is the aspect that users are most concerned about. Ethereum stakers in the Lido protocol can now directly retrieve ETH through the protocol, simplifying the Ethereum staking experience and using Lido's staked ETH more efficiently in the Ethereum DeFi ecosystem.
Introduction of a new component, Staking Router: Staking Router is a new modular architecture design. Developers can develop staking entrances for new node operators ranging from individual stakers to DAOs and distributed validator technology (DVT) clusters through Staking Router to create a more diverse validator ecosystem. This design will increase the number of new node operators and lower the threshold.
Rewriting of Oracle and offline protection program software: Better support for withdrawal function and make it possible for more node operators with larger order quantities.

Market significance

As the largest LSD protocol, Lido's support for Ethereum withdrawal is a significant milestone for the Ethereum staking market, indicating further improvement. The discount of stETH on ETH in the market will decrease and gradually anchor around 1. For Lido itself, it signifies a key milestone in the development of a more decentralized and smoother, efficient Ethereum staking experience. Lido V2 has undergone multiple security audits to ensure its safety.

Project Analysis: Timeswap

Key Features

Timeswap is an innovative liquidity management protocol that is essentially a lending protocol that has pioneered the concept of a time-based automated market maker (AMM) algorithm. Key features include:

Decentralized and does not require an oracle, which eliminates the risk of token manipulation by oracles.