Lido DAO has introduced the Community Staking Module (CSM) to promote decentralization on the Ethereum network. Launched on Oct. 25, the CSM enables individual ETH stakers to become solo validators with reduced technical requirements and a deposit threshold lower than the standard 32 ETH. Currently in the 'Early Adoption' phase, the CSM is limited to curated community stakers, with plans for a fully permissionless phase in the future. The mainnet release was approved by 109 Lido DAO governance members, allocating 71 million LDO tokens, despite 86 members voting against it. With over $24 billion locked in its smart contracts, Lido is the largest decentralized application. The CSM underwent testing on Ethereum's testnet Holesky, attracting over 370 node operators during the trial period. By lowering the entry barrier for validators, the CSM contributes to Ethereum's decentralization efforts, allowing more individuals to participate in securing the network. Read more AI-generated news on: https://app.chaingpt.org/news

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