Lido DAO Votes to Roll Back Hoodi Testnet Contracts After Ethereum Delays Glamsterdam Upgrade

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Lido DAO is pushing a community vote to roll back Hoodi testnet contracts after Ethereum news revealed delays in the Glamsterdam upgrade. Ethereum core developers have paused the October 26 deployment to reassess EIP-8037 and EIP-8038. As of October 23, Lido reported $23.325 billion in TVL and $34.9 million in 24-hour LDO volume. The rollback will not impact mainnet contracts or stETH and wstETH holders. The Ethereum ecosystem news highlights ongoing adjustments in response to the network’s evolving upgrade timeline.

TL;DR:

  • The governance vote in Lido DAO aims to roll back specific fork-related contracts on Hoodi after the October 26, 2026 upgrade was postponed.
  • The protocol reported $23.325 billion in total value locked (TVL) and a 24-hour LDO trading volume of $34.9 million as of October 23, 2026.
  • Core contracts on the Ethereum mainnet remain unaffected, and stETH and wstETH holders are not required to take any technical action.

The decentralized autonomous organization Lido DAO is preparing a community vote to execute a rollback on the Hoodi testnet this coming Saturday, October 24, after Ethereum core developers decided to suspend the scheduled activation of the Glamsterdam hard fork.

The technical measure aims to revert smart contract deployments that had been preliminarily implemented on the test network. The Ethereum Foundation announced on Thursday, October 22, that the deployment originally scheduled for October 26 was indefinitely suspended. According to technical documentation released by the development teams, the pause addresses the need to assess the effects of improvement proposals EIP-8037 and EIP-8038.

Lido DAO’s technical team reported that funds deposited on the main network remain intact. According to the protocol’s official report, the postponement in the test environment has no impact on operational contracts on mainnet. The entity clarified that users holding stETH and wstETH are not required to perform token migrations or make adjustments to their wallets.

In parallel, Lido contributors began coordinating direct actions with node operators. The official recommendation issued urges validators participating in Hoodi to check their Execution Layer and Consensus Layer clients to ensure they do not retain configurations associated with the canceled date.

Code audits and compatibility with proposals EIP-8037 and EIP-8038

Rollback on the Hoodi testnet

Ecosystem developers are evaluating the impact of EIP-8037, which proposes changes to internal gas accounting related to state creation and management. Analysis documents prepared by security firm ChainSecurity suggest that these modifications could alter failure handling in complex sub-calls between Ethereum contracts. Independent researchers note that altering gas reserves could allow failure routines to execute in contracts that previously reverted the transaction.

Lido technical contributors have been monitoring proposal EIP-8037 since June 2026. According to preliminary audit reports from ChainSecurity, tests conducted on Lido’s codebase revealed no critical vulnerabilities or direct incompatibilities in the core contracts of the liquid staking protocol.

Despite these favorable results, protocol governance chose to pull the modifications on Hoodi to align with the overall client software pause. Data from the Ethereum Foundation indicates that while the prior fork on the Sepolia testnet took place on October 6 with a 200-million gas limit, the Hoodi test environment requires additional reviews before validating the behavior of existing contracts.

Technical coordination will continue alongside deliberations among Ethereum core developers. Developer community spokespeople indicated that removing the target dates on Hoodi prevents desynchronization among validators whose clients might retain outdated schedules corresponding to the October 26 block.

Market performance and LDO token metrics

Throughout the session, the platform’s governance token experienced moderate fluctuations. According to CoinGecko figures recorded on Friday, October 23, at 19:15 UTC, LDO was trading at $0.3875, representing a 1.3% increase over the past 24 hours. During that trading range, the asset marked an intraday low of $0.3784 and an intraday high of $0.3934.

LDO’s 24-hour trading volume reached $34.9 million at the close of that same session. Market capitalization is calculated based on a circulating supply of 829.6 million tokens against a total and maximum supply of 1 billion units. Meanwhile, the protocol’s total value locked (TVL) stood at $23.325 billion as of October 23, while open interest in perpetual derivative contracts reached $121.2 million.

Infrastructure operators on the Hoodi testnet have until October 26, 2026, to update their consensus and execution clients to versions that formally discard the hard fork, while Lido DAO finalizes the timeline to formally submit the contract rollback to a vote on its governance forum.

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