20 Slashing Events Experienced by Lido Finance
A prominent
Ethereum staking protocol, Lido Finance due to infrastructure and signer configuration issues with validators experiences 20 slashing events. On 11 October the incident transpired, resulting in around 20 Ether (ETH) loss costs of about $31,000, and potential penalties as validators remained offline for troubleshooting. Daily rewards are expected to decrease while stakers are unaffected. Once the coverage approach is determined the stETH holders will receive compensation as the platform has insurance funds to mitigate losses. With $13.8 Billion,
Lido boasts the largest total value locked in a liquid stacking protocol. Lido emphasises the importance of security and stability in DeFi.
