FP Validated

ETH treasuries need more than staking rewards. They need liquidity, custody access, and operational flexibility. @EntEthAlliance's deployment through the Lido protocol shows how stETH can fit into ETH treasury strategies in practice. blog.lido.fi/what-the-enter…

stETH is moving deeper into institutional workflows. That makes infrastructure diligence matter. Lido has received Web3SOC certification from @cantinasecurity, adding another reference point for institutional diligence. ↓

The stVaults Products Overview is live. One hub to discover all new products built on stVaults - from public staking vaults to modular institutional solutions. lido.fi/stvaults-produ… ↓

One of Korea's leading legacy publications, MK Economy, gave us a great opportunity to share our thoughts on what @FourPillarsFP 's rebrand as a solutions company means, the background behind our recent fundraise, and our personal views on the industry and the validator business. We believe the market has entered a stage where it demands not just insight, but execution. With that in mind, we're positioning ourselves not as information providers, but as operators who deliver on the ground. At the core of our business, the validator arm places the highest priority on reliability and accountability as a trusted infrastructure service provider. Validators verify and record raw transaction from within the network itself — a fundamentally different vantage point from external analysis, one that enables a deeper understanding of technical architecture and immediate response to issues. That proximity to the network also carries a proportional weight of responsibility. Our validator team at @FPvalidated, along with many of our researchers — myself included — have spent years working in validator operations, with hands-on experience in security-certified environments such as SOC2 and ISO. If you'd like to have a deeper conversation about how Four Pillars is building trusted infrastructure for institutions, and what solutions we're looking to offer across staking services and beyond, feel free to reach out via DM anytime! mk.co.kr/news/economy/1…

cSSV Genesis Boost is live! $75,000 SSV reward pool. 30 days, or until the pool is exhausted. Stake SSV → receive cSSV → earn boosted rewards on top of ETH-denominated protocol fees. 🔗stake.ssv.network Here's how it works 🧵

A must-read for anyone interested in operating Ethereum nodes 😊

: : Introducing Blockchain Guidebook for Korean Institutions 2026 Co-researched with @PanteraCapital, this report is designed for Korean enterprises and financial institutions preparing for the next phase of the onchain economy. 👇

[Update ongoing Kelp incident] Last Thursday Lido contributors shared a proposal to contribute 2,500 ETH to @aave’s coordinated rsETH relief effort. Over the past three days, DeFi United has raised more than 100,000 ETH to improve the backing of rsETH and normalize market conditions. Pending execution of outstanding DAO votes, the initiative is on track to be finalized in the coming week.

It's been a hectic week in DeFi, but Lido is still going strong. Wondering what contributors are working on and what's in store for the next year? Check out this fireside with @d_gusakov, @sasha__gusakova, @KimonSh and @penzjun at Lido Day in Cannes. Vid: youtu.be/71EbCcruPeA

: :

: : We're excited to announce that @FourPillarsFP has raised Series A Funding from @PanteraCapital and @further. This round marks our next chapter: scaling from a research firm into an institutional-focused blockchain research and infrastructure provider.

A recent viral clip showed Don Wilson of DRW criticizing public blockchains for their lack of MEV-resistance. Wilson argued that, as a result of this, public blockchains are not suitable for financial markets. This critique isn't going to go unanswered. Last night, Category Labs published a frontier research result for encrypted mempools. This is a significant result that leads the way to practical MEV resistance, and is how our industry will prevail against the private blockchain crowd. Background When you submit a transaction on a blockchain, it sits in a pending state where it may be frontrun by a bot. The cleanest fix would be for users to encrypt transactions until they're included in a block, but doing that efficiently is very hard: you need a committee of servers that can jointly decrypt only the transactions that make it into each block, fast enough to keep up with block times. Up to now, this idea hasn't been practical, as the best threshold encryption schemes are too slow, introduce censorship attacks, or introduce impractical operational steps for users or validators. Category Labs has a solution: BTX, a new scheme for Batch threshold encryption (BTE) that is actually practical and performant. This leads the way to encrypted mempools on Monad. The result Batched Threshold Encryption (BTE) lets a committee of servers jointly decrypt a specified set of encrypted results from a pool while keeping the rest private. Prior BTE schemes each had a drawback: - some required per-block MPC setup - some bound each ciphertext to a specific block or epoch (limiting rollover and enabling censorship) - some required users to pick an index from a small namespace (resulting in occasional collisions) - and the ones that avoided all these issues were either computationally prohibitive or required a common reference string (CRS) that grows with the number of sessions. BTX, the new mechanism proposed in the paper, is simultaneously: - epochless - collision-free - computationally efficient, and - compact In the paper, the authors implement BTX and benchmark it against the strongest two prior schemes (PFE from Boneh et al. and BEAT++ from Agarwal et al.). (BEAT++ is a prior result by most of the authors of the present paper.) BEAT++ is fast but has a censorship-enabling design flaw; PFE is clean but slow and has bigger ciphertexts; and Fernando et al. (a third leading scheme) is clean but doesn't scale to long-lived deployments. BTX is the first construction that's simultaneously collision-free, epochless, compact, and fast. BTX is a significant result solving a huge problem. Check out the paper in the next post.

[Lido Earn Disclosure] The Lido Earn team is aware of the developing situation with the Kelp DAO exploit. earnETH has exposure to rsETH. As a precaution, further deposits into earnETH have been paused while the situation is assessed alongside relevant partners. We will share further updates as more details become available.

Meet Sui’s latest Moonshot: @WaterX_app, a decentralized AI-native engine built for 24/7 AI-assisted and autonomous trading. Trading is becoming AI-driven, with bots, scripts, and AI agents increasingly playing a part of markets. WaterX is building this future on Sui 👇

Watch @IsdrsP break down Lido V3 & Lido Earn, and how both work to unlock institutional adoption of staking and DeFi across Ethereum. youtube.com/watch?v=3Rpg8z…

You can also find an overview of our stVaults plan here: research.lido.fi/t/node-operato…

Curious to learn more about Lido V3 stVaults? Check out @FourPillarsFP 's article: 4pillars.io/en/issues/lido…

: : Validated has been selected as a Basic Operator for Lido V3 stVaults! Lido(@LidoFinance), as the largest ETH LST provider and the leading staking entity by volume, has consistently aligned with Ethereum’s core ethos with a strong sense of responsibility that matches its scale. At the same time, it has played a defining role in shaping the industry standard for how staked assets are utilized. In this context, Lido's stVaults initiative is rapidly emerging as an institutional-grade staking solution, serving as a key entry point for institutions into ETH staking, while enabling the design of purpose-driven cash flows on top of it. : : Validated strongly believes that stVaults will become the most compelling staking-based solution for institutions. As a leading institutional-focused research house in Asia, we aim to contribute to the expansion of the Ethereum ecosystem by building differentiated stVaults strategies—combining our regional institutional network with research-driven, actionable insights.