Lido: Launchnodes team has invested to cover all validator losses in the slashing incident

Odaily Planet Daily News Lido Finance posted on the X platform that after the Launchnodes team worked all night, the situation has stabilized and the rest of the validator infrastructure has been slowly restored. The root cause of the confiscation incident has been identified and minor details are still being investigated. Currently, the penalty amount totals 20.04 ETH and is expected to increase to 23.06 ETH by the time of withdrawal. Infrastructure downtime penalties and overall missed rewards (excluding EL rewards) total 5.663E TH (including slashed validators). The Launchnodes team immediately expressed their desire to compensate stakers as quickly as possible and therefore paid out 25.663 ETH ahead of today’s rebase, meaning stakers will not see their rewards reduced that day due to outages and cuts. In previous news, Lido Finance said that its protocol has experienced 20 slashings because the validator nodes operated by Launchnodes have experienced a series of infrastructure and signature configuration issues, and the validator nodes are now offline. Lido expects losses to be approximately 20 ETH, worth $31,000.