Bittime - A well-known platform in theDeFi (Decentralized Finance), Lido recently launched a proposal aimed at expanding its Simple DVT module. If approved, this proposal would increase the maximum target for the module to 4%.
According to information from TechFlow, Lido initiated this proposal with the aim of expanding the Simple DVT module, including allowing the creation of larger node operator clusters (so-called Super Simple DVT Clusters) as well as increasing the maximum target for the module from 0.5% to 4%.
Lido Will Focus on Strengthening Security and Decentralization
Not only that, this proposal also involves a study on how to provide additional rewards to users and protocols through DVT validator improvements.
This move will help consolidate stETH as the most secure and decentralized asset in the LST (Lido staked tokens) network as well as support its position in the overall DeFi and LRT (Lido's Rocket Token) ecosystem.
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Impact of Simple DVT Module Expansion
This expansion of the Simple DVT module is expected to facilitate the onboarding of independent stakers and those from the community, and is anticipated to improve the sustainability, security and distribution of the validator infrastructure associated with Lido.
By increasing target reach and adding Super Simple DVT Clusters, DVT adoption can be better promoted while providing reasonable economic benefits to participants, DVT providers, and autonomous organizations (DAOs).
Information Dissemination by Lido
Through its official account on the X platform, Lido Finance has shared information regarding this proposal.
Source: https://x.com/LidoFinance/
Thus, Lido's step in expanding the Simple DVT module is not only an important step for the development of its own platform, but also makes a significant contribution in strengthening the DeFi ecosystem as a whole.
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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