KEY TAKEAWAYS
- The Lido Community Lifeguards Initiative launches a program to transform Web3 employees into Ethereum solo stakers using the Lido Community Staking Module.
- Participants benefit from reduced capital requirements, needing only 1.5 ETH as bond collateral to run their first validator.
- The initiative addresses hardware cost barriers, making solo staking more accessible and enhancing Ethereum’s security.
- Inspired by previous programs, it combines learning with co-marketing opportunities for Web3 organizations.
As part of the Lido Community Lifeguards Initiative, a new program has been launched to transform employees and contributors of Web3 organizations into Ethereum solo stakers. This initiative seeks to empower participants to run validators using the Lido Community Staking Module (CSM). The cross-chain liquid staking protocol, Drop, a member of the Lido Alliance, will be the first organization to participate, with Dappnode providing the staking hardware.
The initiative targets Web3 organizations, offering them the opportunity to upskill their employees and contributors by overcoming the barriers to solo staking. Participants will benefit from reduced capital requirements for solo staking, thanks to bonded validators. For instance, Node Operators eligible for the Early Adoption program need only provide 1.5 ETH as bond collateral to run their first validator, one of the lowest capital requirements available.
Addressing Hardware Costs and Accessibility
Hardware costs remain a significant hurdle for new independent operators, typically ranging from 0.2 to 0.5 ETH. This cost represents a 13% to 33% increase in capital requirements, potentially limiting solo staking to more affluent individuals and excluding diverse regions. However, once solo stakers acquire suitable hardware, they can explore various configurations, such as Distributed Validators Technologies (DVTs) and Bonded Validators, enhancing their staking capabilities.
The initiative aims to make solo staking more accessible by providing necessary hardware, thus fostering new solo stakers on Ethereum. By collaborating with Web3 organizations, the program seeks to address the final barriers to solo staking adoption, particularly hardware costs, while contributing to Ethereum’s security.
Inspired by Previous Programs
This initiative draws inspiration from #Teamstaking, a similar program led by Aragon and Dappnode earlier this year. It combines learning and development with co-marketing opportunities, allowing organizations to signal their alignment with Ethereum. Interested participants can fill out a form to join the next cohort starting in Q1 2025, with Lido Community Lifeguards facilitating the process.
For more information, the initiative was announced here.
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