Lido Addresses stETH Yield Calculation Issue, Upgrades Oracle

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Lido, an Ethereum staking protocol, confirmed that the stETH rebase was completed as scheduled, with yesterday’s missed ETH rewards now restored. The APR for the period was approximately 2.29%. A protocol update has been deployed, including an upgraded oracle that has passed an audit. The new version is expected to enhance reporting speed and issue detection. Lido stated that no funds were at risk, and the root cause is under review. A preliminary assessment suggests a pending deposit validator was omitted from the yield report. A full post-mortem will be released soon. The incident highlights a key insight into today’s rapidly evolving DeFi landscape.

Odaily Planet Daily reports: Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with the missed ETH yield from yesterday due to a calculation shortfall being backfilled, corresponding to an annualized yield (APR) of approximately 2.29%. Additionally, the protocol’s oracle has been updated and audited; the new version will improve report processing speed and help more quickly identify the cause of similar issues in the future.

Regarding the abnormal yield calculation that occurred yesterday, Lido stated that contributors are still conducting a root cause analysis and will provide further investigation details on the official forum and social media platforms. Throughout the incident, user funds were never at risk. The preliminary assessment suggests the issue may have stemmed from a rare edge case: a validator in pending deposit status was omitted from yesterday’s yield report, resulting in some staking rewards being excluded from the calculation.

Lido stated that a full post-mortem report will be released in the coming days to further explain the cause of the issue, the remediation steps taken, and subsequent improvement plans.

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