Lido Consolidates $16 Billion in Staked ETH Onto Post-Pectra Validators

Ethereum staking protocol Lido has begun consolidating more than 8 million ETH — worth around $16 billion — onto Ethereum's larger 0x02 validators following the Pectra upgrade. The consolidation is being carried out as part of the rollout of Curated Module v2. It represents one of the largest consolidation operations in Ethereum's history.