The Ethereum staking protocol Lido has launched version 3, allowing users to design custom staking strategies around the stETH token

ChainCatcher news, according to The Block, Ethereum staking solution provider Lido has officially released version V3. The new version introduces modular smart contracts called stVaults, providing greater flexibility for its liquid staking infrastructure.

stVaults allow users to design custom staking strategies around Lido's stETH token, including adjustable fee structures, validator configurations, and risk-return settings. This feature is primarily aimed at institutional stakers, node operators, and asset managers.

Currently, Lido is the largest protocol in the Ethereum ecosystem, with a locked value of $25 billion. The new features will be rolled out in three phases: early adoption program, testnet, and mainnet.