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Lido Finance issues update on its journey towards full decentralization

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The latest update was on Lido’s migration to decentralization and self-custody. There have been concerns in the past about Lido being centralized.

The update details the staking platform’s efforts to alleviate those concerns and here’s what you need to know.Is your portfolio green?

Check out the Lido Profit CalculatorAccording to the update, Lido has to go through three steps to transform into a fully trustless protocol.

The withdrawal key rotation is the first step necessary for the transition to a trustless future.The update sets out the aspects of every step and why they are important for the protocol’s direction.

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