Lido debuts simplified Earn vaults with Veda and Mellow
Lido has introduced Earn, a new feature on stake.lido.fi offering curated vaults for staked ether, enhancing user safety and ease of use. The first vault, GG Vault (GGV) by Veda Labs, allows access to top-tier DeFi strategies with ETH-related assets. A second vault by Mellow, the Decentralised Validator Vault (DVV), will launch in mid-September. All vaults undergo rigorous audits by reputable firms, and safety measures such as automated alerts and on-chain pause mechanisms are in place. GGV has a 1% platform fee shared between Veda and the Lido DAO, and users receive an ERC-20 deposit token for value accrual. Mellow's DVV features modular vault architecture, ensuring each strategy is contained in a controlled subvault, with a multisig governance system to enhance security against manipulation. Redemption processes are structured to receive a uniform price in batches after oracle updates, maximizing liquidity efficiency. With about $38 billion in ETH deposits, Lido continues to bolster its role in the staking ecosystem.
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