Lido Finance: No plans to support ETH PoW

09/11 00:58

Lido Finance tweeted that it has been built to be a core pillar of PoS Ethereum and as such has no plans to support ETH PoW. There have been no governance proposals to do so, so unless there is one, Lido will not support the distribution of ETH PoW tokens to stETH holders. Lido Finance also said that the Merge does not affect ETH staked in the beacon chain which is still locked until a future upgrade on Ethereum. In PoS Ethereum after the Merge, validators will earn priority fees and potential MEV rewards. Both of these types of rewards will be staked by Lido validators to increase the stETH rewards available to users. As such, extra staking rewards will accrue to stakers post-merge resulting in an increased staking yield.
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