ParaFi Tech Becomes Latest Operator to Adopt Distributed Validators in Lido Curated Module

The leading node operator ParaFi Tech is initially moving to secure 1,000 validator keys on Lido’s Curated Module with Distributed Validators. 

Obol recently scored a big win when Lido expanded support for Distributed Validators in its Curated Module. The Curated Module is the largest pool of staked ETH on Ethereum, accounting for ~90% of Lido’s TVL and around 25% of all staked ETH. This upgrade enables many more operators to secure their stake with Obol. Though Lido previously supported Obol in Simple DVT and CSM, this marks its biggest step yet to embrace the staking end game.

Many major operators have taken the opportunity to harden their staking operations since Lido’s upgrade. Following the likes of DSRV and Stakely, ParaFi Tech is the latest entity to integrate Obol through our Curated Module Migration Program. ParaFi Tech provides validator infrastructure across some of the space’s most used L1s, and Obol’s Distributed Validators will secure the team’s stake on Lido. ParaFi Tech is initially deploying 32,000 ETH with Obol.

ParaFi Tech Embraces DVs in Lido Curated Module 

ParaFi Tech is one of several early movers to adopt Distributed Validators in the Curated Module. But while the number of teams to explore Distributed Validators has risen since this update, a shift has been under way for some time. 

Many of the staking ecosystem’s largest entities, from the top liquid staking protocol to node operators like Blockdaemon and networks like Liquid Collective, have turned their attention to Obol’s technology this year. This is because Distributed Validators offer the most secure and performant way to secure stake on Ethereum and leading entities see where the space is headed next.

Lido’s Curated Module upgrade opens space for a significant portion of the protocol’s TVL to move onto Distributed Validators for the first time. ParaFi Tech is one entity to make the move and we are preparing for more to join them in the coming months. Obol represents the gold standard in secure validation, replacing Ethereum’s legacy validator systems with cutting-edge infrastructure. 

ParaFi Tech’s update forms part of a larger trend we’re watching play out today. Following Lido’s Curated Module upgrade, most of the protocol’s stake will be secured by Obol Distributed Validators as more operators seek secure validation infrastructure. 

Moreover, all signs suggest that the overall portion of staked ETH will grow much higher than today’s 30%. This means we can reasonably expect the portion of the overall supply on Distributed Validators to grow much higher. This is the future of Ethereum and the staking ecosystem as we see it. As Ethereum matures and more institutions enter the ecosystem, the demand for best-in-class, secure staking infrastructure will only grow. Obol is welcoming teams into that future today.