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What the bond covers

The bond backstops slashing penalties, execution-layer reward violations and other operational failures by the operator.

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34 operators, no exits

All 34 of Lido's existing curated operators are expected to transition to CMv2, with none reported leaving over the bond.

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A real transition cost

Lido has estimated roughly 738.5 ETH in missed network rewards during the migration window as validators exit and re-enter.

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Why it matters

Shifting bonded risk onto operators is a small but real step toward accountability in Ethereum's largest liquid-staking protocol.

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