Lido Finance

2020-12-18

Lido Finance launches on Ethereum mainnet, enabling liquid ETH staking with stETH. Initial team raises $2 million in seed funding.

2021-05-01

Lido raises $73 million in a funding round led by Paradigm, with participation from Coinbase Ventures, Dragonfly Capital, Delphi Digital, and Three Arrows Capital.

2022-03-03

Andreessen Horowitz (a16z) leads a $70 million funding round into Lido Finance.

2022-05-09

Terra/Luna ecosystem collapses. Lido's Curve stETH/ETH pool TVL begins contracting sharply from $4.08 billion as bridged bETH holders mass-exit back to Ethereum.

2022-05-12

Three Arrows Capital removes ~$400 million of liquidity from Curve's stETH/ETH pool in one transaction; Celsius withdraws ~$380 million in three transactions the same day, severely impairing the pool's ability to absorb stETH sellers.

2022-06-13

stETH trades at approximately 0.93 ETH — its lowest recorded ratio — during the Celsius withdrawal halt and 3AC insolvency crisis. Celsius halts all customer withdrawals the same week.

2022-06-24

Lido governance publishes the 'Should Lido consider self-limiting?' proposal. Voting closes July 1: fewer than 0.5% of LDO votes support self-limitation; more than 99% vote against.

2023-05-01

Lido V2 launches on Ethereum mainnet, introducing staking withdrawals (enabled by the Shapella upgrade) and the Staking Router modular architecture.

2023-10-11

Lido discloses 20 slashing events involving node operator Launchnodes, caused by an infrastructure failover misconfiguration. Impact estimated at ~20 ETH; Launchnodes reimburses 25.663 ETH.

2023-12-17

Andrew Samuels files Samuels v. Lido DAO in the US District Court for the Northern District of California, alleging LDO is an unregistered security under the Securities Act of 1933.

2024-10-25

Lido's Community Staking Module (CSM) launches on Ethereum mainnet, enabling permissionless validator onboarding with an ETH bond as low as 1.3 ETH.

2024-11-18

Judge Vince Chhabria of the Northern District of California rules that Lido DAO constitutes a general partnership under California law, denying dismissal motions and holding that LDO token holders and VC investors may face personal liability for alleged securities violations.

2025-02-10

Lido announces V3 upgrade featuring stVaults — customizable, modular staking vault contracts targeting institutional stakers and asset managers.

2025-06-29

Lido DAO formally adopts the Dual Governance framework, granting stETH holders the ability to delay or block governance proposals by depositing stETH into an escrow contract. The system goes live on-chain July 4, 2025.

2026-01-01

Lido's staking market share stands at approximately 24.45% of all staked ETH, down from a peak of over 32% in late 2023, with roughly 9.17 million ETH staked and approximately $19 billion TVL.

2026-03-12

A minor slashing event affects six validators in the permissionless CSM module. Total penalties estimated under 1 ETH (~$100), covered entirely by the operator's bond with no impact on stETH holders.