Weekly Ethereum Research Report (2026-04-27 ~ 2026-05-01)
TL;DR
- Bottom line: The Kelp/rsETH incident carried into the first week of May as the first crisis validation of Lido Dual Governance overlapped with external multi-party coordination, Hegota CFI/PFI structuring, and simultaneous progress across the four PQ tracks.
- Numbers: Key numbers are the 4/29 14:46 UTC on-chain execution of 2,500 stETH, 100,000+ ETH raised over 3 days, the 5/6 08:30 UTC ETA for the First-Loss <1% Snapshot vote close, and the A41 6,918 validator exit.
- Action: Operators and researchers should first check the 90-minute Glamsterdam·Hegota agenda for 5/7 ACDE #236, the 5/6 EarnETH vote result, and the Lido CSM 3-tier·A41 exit benchmarks.
Top 3 Takeaways
The Kelp/rsETH incident entered its closing track along three axes: the first validation of Lido Dual Governance's "5-day cycle," external multi-party coordination, and formal recognition of curator capital limits.
자세히 읽기
Stage 1 (external relief) was completed through the 4/27 vote passing → 4/28 20:09 UTC objection phase ending → 4/29 14:46 UTC on-chain execution of 2,500 stETH(@LidoFinance). In the same week, DeFi United drove normalization of rsETH backing by raising 100,000+ ETH over 3 days(@LidoFinance). Next, the Lido Research 11527 "First-Loss <1% threshold exemption" Snapshot vote registered on 4/29 went live on 4/30 08:30 UTC, starting the Stage 2 (internal first-loss activation) cycle with a 5/6 close ETA. For the estimated remaining loss of 400~600 ETH (30~50% of the first-loss $3M fund), Lido formally acknowledged curator capital limits by saying "a fully curator-funded outcome does not currently appear likely." As a result, roughly a two-week incident response cycle from the 4/22 event to the 5/6 vote close formed as a quantitative data point, and the "Dual Governance" metric in the Staking Rewards A+ rating announced on 4/29 was added afterward as external validation.
The Hegota pool entered CFI/PFI track structuring through the first major 4/30 update to the EIP-8081 meta EIP, and EIP-8141 became agenda priority #1 for 5/7 ACDE #236.
자세히 읽기
The 4/30 12:38 UTC dionysuz commit 2215c17 promoted EIP-8141 from PFI to CFI and newly listed EIP-7716 (Anti-correlation attestation penalties) and EIP-8205 (Withdrawal credentials preregistration) as PFI, creating the first three changes in the Hegota pool. On the same track, at 4/29 09:44/09:50 UTC lightclient directly merged EIP-8141 PR #11579 into the EL mainline (payer-first approve + removal of RLP call batch), and the 4/30 12:05 UTC merge of Derek Chiang's PR #11567 removed the EIP-7997 deterministic factory predeploy dependency while allowing the
SETDELEGATEopcode in the first deploy frame. This opened the coupling window between the EIP-7702 delegation model and the EIP-8141 mempool model. With the 4/29 13:42 UTC commit 1037d6e also adding EIP-7979 (CALLSUB/ENTERSUB/RETURNSUB) and EIP-8163 (EXTENSION 0xae) as PFI to the EIP-7773 Glamsterdam meta, the path for some Hegota candidates to be absorbed into the main Glamsterdam track was signaled at the meta-EIP level. Tim Beiko's 4/30 09:05 UTC expansion of the EIP-7723/EIP-7773/EIP-8081 Facilitator pool to 5 people by adding Ansgar/Nixo/Parithosh (commit d11ae25) is a signal of strengthened infrastructure for parallel processing across both tracks.The four PQ tracks (PQTS·PQI·ETM·AA) advanced simultaneously through the 4/29 triple call, moving from "primitive replacement" to the "transaction lifecycle integration" stage.
자세히 읽기
In the same week, Lido CSM 3-tier bond/efficiency quantitative disclosure and the A41 6,918 validator exit case study also formed the first quantitative benchmark for Curated Operator operating standards. On 4/29, the PQTS Breakout #7 (13:00 UTC), PQI #37 (14:00 UTC), and ETM #3 (15:00 UTC) triple calls were held sequentially on the same day (2026-05-01-weekly-call-summary). PQTS #7 reviewed three post-quantum signature paths in parallel: NiceTry (ephemeral keys, Riva Labs), JARDIN (hash forest, Nico Consigny), and Mahdi key replacement. PQI #37 exposed instability as Devnet-4 suffered finality loss at slot 110 and two ream instance crashes, while discussion began on the Devnet-5 single block proof (binary aggregation tree) design. ETM #3 put the LUCID PGA avoidance mechanism, EIP-8184 updates, and dataalways's wider sandwich detection finding on the agenda. In the same week, EIP-8182 stabilized the ML-KEM-768 spec through four updates over 3 days immediately before the call (4/28 18:43 UTC) and after it (4/29 20:03/20:38 UTC), while the 4/29 ethresear.ch 24754 proposed a user-side path to convert an EOA to PQ in a single transaction using EIP-7702 delegation, ZK, and hidden pubkey. On the operations track, the 4/28 Lido official X channel gave the first quantitative bond/efficiency figures for CSM Default 2.4→1.3 ETH (1.74x), ICS 1.5 ETH (2.36x), and IDVTC 1.5~0.5 ETH 4-person clusters (upcoming)(@LidoFinance), and the 4/30 Lido Blog disclosed that A41 processed exits for 6,918 validators (2.51% of all Lido, 200,000+ ETH) over 52 days in 5 batches, with organic 78 ETH → optimized 17.64 ETH in unclaimed rewards (4.42x reduction) and Skimming wait shortened from 4.5 days → 0.8 days (blog.lido.fi).
1. Roadmap/Upgrade Change Highlights
Hegota (First major meta EIP-8081 update, 4/30)
| Item | 4/27 (Mon) | 5/1 (Fri) | This week's change |
|---|---|---|---|
| EIP-8141 (Frame Transaction) | PFI candidate | CFI promotion(4/30) | 4 consecutive advances over 48 hours -- lightclient PR #11579 merge (payer-first + RLP cleanup) → factory PR #11567 merge (remove EIP-7997 dependency + allow SETDELEGATE) → EIP-8081 CFI promotion. EIP-7702 × EIP-8141 coupling window |
| EIP-7716 (Anti-correlation attestation penalties) | Not listed | New PFI(4/30) | Weighted penalties for simultaneous slashing of multiple Operators -- decisive for next-generation Curated Operator eligibility, reinforces advantage of DVT/SSV distributed key models |
| EIP-8205 (Withdrawal credentials preregistration) | Not listed | New PFI(4/30) | Preregistration for withdrawal credential migration 0x00 → 0x01/0x02 -- direct impact on Lido CSM withdrawal-flow automation |
| Hegota data listing (forkcast) | Entirely absent | Entirely absent (24th day) | Meta EIP activation can only be tracked from GitHub commits |
| EIP-8081 Facilitator | 2 people: Tim Beiko / Alex Stokes | 5-person pool (+Ansgar/Nixo/Parithosh, 4/30) | Stronger infrastructure for parallel processing across both tracks |
Glamsterdam (Considered stagnation, PFI meta EIP update)
| Item | Status | This week's change |
|---|---|---|
| EIP-7732 (ePBS) | Scheduled | epbs-devnet-2 interop week operation |
| EIP-7928 (BAL) | Scheduled | bal-devnet-4 interop week operation |
| EIP-2780 (Intrinsic gas) | Only Considered item | No change -- decision not reflected because ACDE #235 call notes remain unpublished at D+8 |
| EIP-7773 Glamsterdam meta | -- | EIP-7979 + EIP-8163 added to PFI(4/29) -- Hegota → Glamsterdam absorption signal |
| Engine API option A(#770) vs option B(#786) | ACDE #235 decision expected | Call notes unpublished for 8th day -- follow-up confirmation estimated at 5/7 ACDE #236 |
| Long-running Considered stagnation | 1 item | ACDE #235 decision data not reflected for 2 accumulated weeks |
PQ Track (4-track simultaneous progress)
| Item | Status | This week's change |
|---|---|---|
| EIP-8182 (PQ delegation / ML-KEM-768) | Draft | 4 updates over 3 days(4/28 18:43 + 4/29 20:03/20:38 UTC) -- spec stabilization immediately before/after PQTS #7. Accelerates PFI entry |
| EIP-8164 / EIP-8225 (PQ delegation chain) | Draft | Consistency discussed at PQTS #7 (call notes unpublished) |
| EIP-7702 PQ Wallet (1-tx upgrade) | New research | 4/29 [ethresear.ch 24754] -- PQ transition without address change via ZK + hidden pubkey + GatedWallet delegation |
| EIP-8141 sighash + payer-first | Active | 4/29 direct lightclient merge = preparation stage for EL client implementation |
| EIP-8184 (Encrypted Frame TX) | Draft | Core spec update agenda at ETM #3 |
| Scheme-Agile Transactions | Pre-Draft | Integrated discussion at PQTS #7 after 4/22 proposal (call notes unpublished) |
Fusaka / The Verge / The Splurge (Long-term tracks)
| Item | Status | This week's change |
|---|---|---|
| EIP-8013 (EVM static relative jumps) | Stagnant → Draft revival(4/30) | Greg Colvin PR #11560 -- standalone revival of static jump area after rejection of four EOF items |
| Portable Verification of Execution Outcomes | New Pre-Draft(4/29) | Standardization of system-independent verification of "What happened" -- [Eth Magicians 28399] |
| GPU-Accelerated WHIR Proving | Research(4/30) | M1 2.03x / M3 2.58x ZK acceleration -- long-term signal for client-side verification infrastructure |
| EF Q1 2026 Allocation | Published(4/29) | Continued investment across four axes: cryptography, ZK, security, protocol |
2. EIP Status Changes (EIP Upgrade Snapshot 4/27 Mon vs 5/1 Fri diff)
Mon→Fri official stage diff
| Upgrade | 4/27 (Mon) | 5/1 (Fri) | Change |
|---|---|---|---|
| Dencun Included | EIP-4844 | EIP-4844 | No change |
| Pectra Included | [2537, 2935] | [2537, 2935] | No change (but EIP-6110 absent for 4th day = Pectra Final fact vs snapshot mismatch accumulated for 7 days) |
| Pectra Declined | [3540, 3670, 4200, 4750] | [3540, 3670, 4200, 4750, 663] | New EIP-663 appearance (EOF SWAPN/DUPN/EXCHANGE, fact-consistent estimate) |
| Fusaka Declined | [3540, 3670, 4200, 4750] | [3540, 3670, 4200, 4750, 663] | New EIP-663 appearance (synchronized with Pectra) |
| Glamsterdam Considered | [EIP-2780] | [EIP-2780] | No change -- ACDE #235 decision data not reflected for 8th day |
| Glamsterdam Declined | [2926] | [2926, 6466] | EIP-6466 returns after 5 days -- but EIP-5920/EIP-6404 remain absent |
| Hegota | Entirely absent | Entirely absent | Absence continues for 24th day (meta EIP-8081 activation tracked outside forkcast via GitHub) |
12 consecutive days of drift + LEVEL 2 → LEVEL 1 downgrade
This week's drift settled into a 4-stage cycle (LEVEL 2 → LEVEL 1 downgrade).
- 4/27 (Mon): EIP-6110 re-exited after only 1 day back + simultaneous EIP-5450 exit → 8 consecutive days of drift
- 4/28 (Tue): normalization after 1 day + new listing of Glamsterdam Declined EIP-5920/EIP-6466 (richer state return)
- 4/29 (Wed): second large-scale re-drift -- 7 simultaneous exits + EIP ID cutoff around ~6190 (LEVEL 2 alert), all 7xxx/8xxx absent
- 4/30 (Thu): partial normalization with EIP-3540 return (downgraded to LEVEL 1), 5 items still not back
- 5/1 (Fri): EIP-663 appears + EIP-5450 exits + EIP-6466 returns (noise band narrows, LEVEL 1 maintained)
⚠️ Never rely solely on EIP upgrade status -- the hypothesis of nondeterminism in scripts/fetch_forkcast.py pagination·cache·sorting logic escalated to a LEVEL 2 alert and then partially recovered. Priority remains elevated for fetch_forkcast.py code review + introducing snapshot diff logging. External reporting must use triple cross-checking with ACD call notes + official Pectra Final EIPs (ethereum.org/en/history) + GitHub commits.
Substantive spec progress (not reflected in Snapshot, GitHub basis)
| Change type | Count | Details |
|---|---|---|
| forkcast official stage changes | 0 items (no meaningful change) | ACDE #235 decision data remains unreflected |
| Meta EIP-level progress | 2 items | EIP-7773 PFI adds EIP-7979+EIP-8163 / EIP-8081 EIP-8141 CFI + EIP-7716/EIP-8205 PFI |
| EIP body updates (commits) | 10+ items | EIP-8141 4 items (payer-first/RLP/factory/CFI), EIP-8182 4 items, EIP-8013 revival, Facilitator expansion |
| New EIP / research | 3+ items | EIP-7702 PQ Wallet 1-tx, Portable Verification Pre-Draft, GPU WHIR Proving |
| EIP-1 automatic Stagnant | 2 items (4/27) | EIP-8012 (Generalized Consolidation) / EIP-8025 (L1-zkEVM) -- automatic after 6 months of inactivity |
3. Key Validator/Infrastructure Issues
Lido ecosystem -- Kelp/rsETH incident closing track + first CSM 3-tier quantification + A41 6,918 validator exit benchmark
| Track | 4/27 (Mon) | 5/1 (Fri) | Core change |
|---|---|---|---|
| 2,500 stETH relief (Stage 1) | Vote not yet run D+4 | On-chain execution completed(4/29 14:46 UTC) | First crisis validation of Lido Dual Governance 5-day cycle |
| DeFi United external raise | No separate report | 100,000+ ETH raised over 3 days | Aave/Lido/Mellow/EF + α multi-party coordination model |
| First-Loss <1% exemption vote (Stage 2) | Not registered | Snapshot live(4/30 08:30 UTC), 5/6 close ETA | Estimated remaining loss 400~600 ETH, formal recognition of curator capital limit: "fully curator-funded outcome does not currently appear likely" |
| EarnETH deposits/withdrawals | Suspended for 5th day | Suspended for 9th day (while Lido tone says "substantially closer to a resolution") | Withdrawal resumption timing TBD |
| External stETH Staking Rewards evaluation | No evaluation | A+ top rating (4/29) | External validation of "Dual Governance" metric |
| First quantification of CSM 3-tier bond/efficiency | Undisclosed | Default 2.4→1.3 ETH (1.74x) / ICS 1.5 ETH (2.36x) / IDVTC 1.5~0.5 ETH 4-person (upcoming) | Consistency check with 4/21 CMv2 note assumptions after 8 days |
| A41 6,918 validator exit case | Undisclosed | 52 days, 200k+ ETH, 5-batch exit, 78→17.64 ETH (4.42x), Skimming 4.5 days→0.8 days | First quantitative benchmark for Operator operating SLA |
| VEBO 75→45 epochs vote proposal | Before registration | May first vote slot recommended | Withdrawal latency -3.2h, Operator burst -40%, gas +56~67% |
| Lido V3 + Copper integration | Undisclosed | CopperConnect direct access April withdrawal / May voluntary rebalancing roadmap | 2nd Custodian after Fireblocks(4/23) |
| DVV end-April migration | D-3 undisclosed | Incentives end D-Day(4/30 24:00 UTC), technical schedule undisclosed D+15 | May slip nearly confirmed |
| Atupa LEGO grant | No response D+3 | No governance response D+7 | Stalled as DAO resources were deprioritized by focus on rsETH relief vote |
| Weekly stETH reward distribution | Undisclosed | 4,666 stETH (~$10.5M) officially disclosed 4/30 | Quantitative validation of crisis isolation operations |
Direct impact on validator operations
| Priority | Item | Details | Timing |
|---|---|---|---|
| Urgent | Lido CSM 3-tier bond/efficiency quantitative disclosure | Verification of 4/21 note quantitative assumptions + ICS 2.36x vs Default 1.74x, +36% efficiency premium + IDVTC "upcoming" | 4/28~29 |
| Urgent | A41 6,918 validator exit case study | The three axes of Index distribution / Sweep cycle / Real-time monitoring are next-generation Operator evaluation criteria | 4/30 published |
| Urgent | 2,500 stETH on-chain execution + First-Loss <1% Snapshot vote live | First validation of Dual Governance 5-day cycle + recognition of curator capital limits | 4/29~5/6 |
| Urgent | EIP-7716 PFI listing (Anti-correlation attestation penalties) | Determining variable for next-generation Curated Operator eligibility -- advantage for DVT/SSV distributed key + client diversity models | 4/30 PFI |
| Medium-term | EIP-8205 PFI listing (Withdrawal credentials preregistration) | Direct impact on Lido CSM withdrawal-flow automation -- preregistration process/timing/key management must be assessed | 4/30 PFI |
| Medium-term | EIP-8237 (Independent CL/EL Sync) | Auxiliary EIP for operational diversity, whether included in the 5/7 ACDE #236 agenda | No additional progress confirmed D+4 |
| Medium-term | VEBO 75→45 epochs governance proposal | Withdrawal latency -3.2h, Operator burst -40%, gas +56~67% -- May first vote slot | Registered 4/28 |
| Medium-term | Lido V3 Copper Qualified Custodian integration | Second major Custodian after Fireblocks, differentiated by MPC basis | Announced 4/29 |
| Medium-term | DVV incentive end D-Day | Staking rewards only from 5/1 -- monitor dvstETH withdrawal vs stay ratio | 4/30 24:00 UTC |
| Medium-term | EarnETH First-Loss <1% Snapshot vote | Activation authority for remaining 400~600 ETH (30~50% of fund) | 5/6 close ETA |
| Long-term | CSM v3 IDVTC launch | Marked "upcoming," Obol/SSV Network integration stage | First week of May~Q2 |
Infrastructure monitoring status
| Item | Status | This week's change |
|---|---|---|
| Interop week (4/24~30) | Operation ended | bal-devnet-4 + epbs-devnet-2 simultaneous operation -- ACDE #235 result call notes unpublished D+8 |
| ACDT #079 | Skipped (interop week) | Replaced by on-site collaboration (parithosh notice) |
| ACDC #178 | Postponed to 5/14 (#2028) | Originally scheduled for 4/30 -- presumed follow-up coordination after interop week. "No 4/30 listing for 5 consecutive days" hypothesis → confirmed as postponement |
| ACDE #236 | Listed for 5/7 agenda (#2033) | "Glam · Hegotá" 90 minutes = 30~40 minutes per track |
| Client release gap | 32nd day | Geth v1.17.2 / Lighthouse v8.1.3 CRITICAL recommendations remain unresolved -- expected to resume when Glamsterdam devnet-1 is configured after ACDE #236 |
| ACDE #235 call notes | Unpublished for 8th day | EIP-2780/8037/Engine API/8237 decisions unconfirmed |
| PQTS #7 / PQI #37 / ETM #3 call notes | Unpublished D+2 (4/29 triple call) | Only agenda-based summary possible |
| PQI Devnet-4 | Unstable -- slot 110 finality loss + 2 ream crashes | Devnet-5 single block proof (binary aggregation tree) design started |
| hive.leanroadmap.org | New launch (ream team) | PQI cross-client dashboard |
| EPF Cohort 7 | Announced (4/30) | 5/13 application deadline, 5/6 1500 UTC town hall |
| GPU WHIR Proving | M1 2.03x / M3 2.58x | Long-term signal for client-side ZK verification infrastructure |
4. Key Protocol Call Decisions
This week had 3 calls held (all sequentially on the same day, 4/29) + ACDT #079 skipped + ACDC #178 postponed to 5/14. Weekly summary: 2026-05-01-weekly-call-summary.
| Date | Call | Number | Key results |
|---|---|---|---|
| 4/27 (Mon) | ~~ACDT~~ | #079 skipped | Replaced by on-site collaboration during interop week (parithosh) |
| 4/29 (Wed) 13:00 UTC | PQTS Breakout | #007 | Parallel review of three post-quantum signature schemes: NiceTry(Riva, ephemeral keys) / JARDIN(Consigny, hash forest) / Mahdi(key replacement·no mempool trust) -- single direction selection or additional evaluation round unresolved, call notes unpublished (#2032) |
| 4/29 (Wed) 14:00 UTC | PQI | #037 | Devnet-4 slot 110 finality loss + 2 ream instance crashes. Devnet-5 spec -- 8 aggregations per attestation_data → single block proof (binary aggregation tree), core issue of aggregation one-wayness ("Folding A+B destroys A and B"). hive.leanroadmap.org launched (#2035) |
| 4/29 (Wed) 15:00 UTC | ETM | #003 | LUCID PGA avoidance mechanism + EIP-8184 spec revisions + dataalways wider sandwich detection analysis + Same-Slot Decryption mechanism -- call notes unpublished (#2034) |
| 4/30 (Thu) | ~~ACDC~~ | #178 → postponed to 5/14 | Presumed follow-up coordination after interop week (#2028) |
Key technical decision details
1. PQTS Breakout #7 -- three-way PQ signature competition, still in evaluation before direction convergence:
- NiceTry (Riva Labs, ephemeral keys): one-time key use -- no need to replace existing key infrastructure, high operational complexity
- JARDIN (Nico Consigny, hash forest): strong mathematical quantum resistance, signature-size tradeoff
- Mahdi proposal (key replacement·no mempool trust): achieve PQ while preserving existing transaction structure as much as possible
- Need agreement on evaluation criteria + direction convergence over the next 1~2 PQTS calls
2. PQI #37 -- implications of Devnet-4 instability:
- Slot 110 finality loss + ream crashes are interpreted as exposure of early technical maturity in PQI.
- Still, simultaneous start of Devnet-5 design is a signal of schedule pressure.
- Core technical challenge: one-wayness of the binary aggregation tree -- after folding, individual proof verification is impossible; impacts block production (block validation unaffected)
3. ETM #3 -- LUCID PGA avoidance + mempool encryption + sandwich detection:
- LUCID: proposer directly secures top-of-block space without PBS/ePBS auction → may affect assumptions in MEV revenue models
- EIP-8184 update + Encrypted Frame Transactions
- dataalways's wider sandwich detection is a signal that "there are parts not measured by existing MEV monitoring tools," and provides justification for new monitoring infrastructure such as the Atupa LEGO grant.
4. Simultaneous progress on the four PQ tracks leaves design consistency as a future task:
- The four tracks consist of (1) PQI protocol cryptography, (2) PQTS transaction signatures, (3) ETM mempool encryption (EIP-8184), and (4) AA account abstraction (EIP-8141 PQ path).
- The previous week's AA #001 (4/22) also included a PQ security path inside EIP-8141.
- Ultimately they affect the same transaction lifecycle → consistency review is needed across track-level design decisions.
5. ACDE #235 call notes unpublished D+8 + ACDC #178 → postponed to 5/14:
- Official confirmation remains unavailable for the 8th day on ACDE #235(4/23) decisions (EIP-2780 promotion / EIP-8037 / Engine API #770 vs #786 / EIP-8163/8237)
- ACDC #178 postponement to 5/14 adds a 2-week delay to formalizing parallel
glam+hegotáagendas + deciding whether to include FOCIL/ePBS - Some decisions may be absorbed into 5/7 ACDE #236
5. This Week's Recommended Topic Status
| Date | Recommendation 1 | Recommendation 2 | Top score |
|---|---|---|---|
| 4/27 (Mon) | EIP upgrade status 8 consecutive days of drift -- structural causes of nondeterminism + verification protocol (4.75) | Simultaneous EIP-8012/EIP-8025 Stagnant -- Glamsterdam Repricings → PQ resource reallocation hypothesis (4.15) | 4.75 |
| 4/28 (Tue) | Quantitative analysis of Lido DAO Kelp/rsETH relief governance speed D+0~D+6 -- first crisis scenario after V3/CMv2 launch (5.00) | EIP-8237 (Independent CL/EL Sync) × CMv2 Operator KPI mapping (4.50) | 5.00 |
| 4/29 (Wed) | Deep dive into Lido CSM 3-tier bond/efficiency quantification -- verifying 4/21 assumptions + Curated Operator entry matrix (4.50) | Lido VEBO 75→45 epochs -- withdrawal latency·Operator burst·gas 3-axis tradeoff (4.50) | 4.50 |
| 4/30 (Thu) | (No recommendation generated) | (No recommendation generated) | -- |
| 5/1 (Fri) | (No recommendation generated) | (No recommendation generated) | -- |
4/30~5/1 recommendation gap: With the 4/30 ACDC #178 postponement confirmed and the 4/29 triple-call call notes unpublished, the analysis window moved to the expected 5/2~5/6 release window for ACDE call notes next week. Since the EarnETH First-Loss vote is in progress (closes 5/6), resuming recommendations in the latter half of the first week of May after reflecting the vote result is appropriate.
Priority writing targets
| Rank | Topic | Rationale |
|---|---|---|
| 1 | Quantitative analysis of the Lido DAO Kelp/rsETH relief governance cycle (D+0~D+14) -- Dual Governance 5-day cycle + DeFi United 100k+ ETH + First-Loss <1% Snapshot vote close | Highest weekly weighted score (5.00, 4/28) + 4/29 14:46 UTC on-chain execution + 5/6 vote close ETA allow quantitative citation of complete two-week cycle data + no Korean-language material + core target for institutional due diligence material |
| 2 | Breakdown of official Lido CSM 3-tier bond/efficiency figures + combined A41 6,918 validator exit case study -- first quantitative benchmark for Curated Operator operating standards | First explicit bond figures on 4/28 (1.74x/2.36x) + 4/30 A41 case (4.42x loss reduction) combining two quantitative datasets = immediately citable for external presentations/Korean institutional meetings. Follow-up definitive piece to the 4/21 CMv2 note |
| 3 | Analysis of the first major Hegota meta EIP-8081 update -- EIP-8141 CFI + EIP-7716/EIP-8205 PFI + EIP-7773 PFI absorption path | Hegota pool absent for 18 days → first three changes on 4/30 + EIP-8141 4 advances over 48 hours + 5/7 ACDE #236 agenda priority #1 = upper-layer explainer window just before next week's ACDE call result. EIP-7716 PFI is a determining variable for next-generation Curated Operator eligibility |
6. Key Schedule for Next Week
| Date | Event | Key agenda |
|---|---|---|
| 5/4 (Mon) 13:00 UTC | Stateless Implementers' Call #51 (#2030) | Regular The Verge track, EIP-4762/EIP-6800 progress |
| 5/4~5/6 | ACDE #235 / 4/29 triple-call call-note publication window | EIP-2780 promotion, Engine API option A/B, whether EIP-8237 is listed on the agenda, PQTS #7 direction convergence |
| 5/6 (Wed) 08:30 UTC | EarnETH First-Loss <1% exemption Snapshot vote close | Whether authority to activate remaining 400~600 ETH passes -- incident governance cycle closing point |
| 5/6 (Wed) 15:00 UTC | EPF Cohort 7 town hall | Reinforcing the protocol builder pipeline |
| 5/7 (Thu) 14:00 UTC | ACDE #236 (Glam · Hegotá 90 minutes) (#2033) | 🔴 Biggest watch point. Glamsterdam devnet-1 EL configuration + Engine API adoption + Hegota EVM track (follow-up after EIP-8141 CFI, PFI discussion of EIP-7716/EIP-8205/EIP-7979/EIP-8163) + whether EIP-8237 is included on the agenda |
| First week of May (expected) | Lido VEBO 75→45 epochs governance vote | Withdrawal latency -3.2h, Operator burst -40%, gas +56~67% -- supporter recommended "next on-chain voting slot in May 2026" |
| Early~mid May (estimated) | DVV migration activation | After incentive end D-Day (4/30 24:00 UTC), technical schedule still undisclosed -- DKG ceremony guide announcement window |
| 5/13 (Wed) | EPF Cohort 7 application deadline | -- |
| 5/14 (Thu) | ACDC #178 (new date after postponement) (#2028) | Formalizing parallel glam + hegotá agendas + whether to include FOCIL/ePBS (originally scheduled 4/30 → postponed 2 weeks) |
| TBD | First Lido V3 Copper Qualified Custodian case | Progress on April ETH withdrawal / May voluntary rebalancing roadmap after 4/29 announcement |
| TBD | CMv2 IDVTC launch | Marked "upcoming" -- Obol/SSV Network integration stage |
| TBD | Atupa LEGO Grant governance vote | No response D+7, momentum may recover after rsETH relief vote close |
Biggest watch point next week: 5/7 ACDE #236 (Glam · Hegotá 90 minutes) is the decisive call of the week. Five agendas are compressed into 90 minutes: the first official discussion window immediately after EIP-8141 CFI promotion + discussion of the new EIP-7716/EIP-8205 PFI listings + validation of the Glamsterdam absorption path for EIP-7979/EIP-8163 added to EIP-7773 PFI + whether EIP-8237 (Independent CL/EL Sync) is included on the agenda + retrospective cleanup of ACDE #235(4/23) decisions. The 5/6 EarnETH First-Loss <1% Snapshot vote close marks the end of the roughly two-week governance cycle for the 4/22 Kelp incident as quantitative data, while possible scheduling of the Lido VEBO 75→45 epochs vote in the same week + the DVV migration technical schedule announcement window form a concentrated first-week-of-May sequence of infrastructure changes responding to operational load. 5/14 ACDC #178 will be the first consensus call after interop week, and how the 4/29 PQI Devnet-4 instability + Devnet-5 single block proof design aligns with Glamsterdam devnet-1 will be the key issue for the following week.
Weekly Key Metrics
| Metric | Last week (4/24) | This week (5/1) | Change |
|---|---|---|---|
| Glamsterdam Scheduled | 2 items (7732, 7928) | 2 items | -- |
| Glamsterdam Considered | 1 item (EIP-2780) | 1 item | -- (ACDE #235 decision not reflected for 8th day) |
| Glamsterdam Declined | 4 items | 2 items (2926, 6466) | -2 (EIP-5920/6404 still absent) |
| Pectra Included | 2 items (2537, 2935) | 2 items | -- (EIP-6110 Final fact vs snapshot mismatch accumulated for 7 days) |
| Pectra Declined | 4 items | 5 items (3540, 3670, 4200, 4750, 663) | +1 (new EIP-663) |
| Hegota forkcast data | Entirely absent | Entirely absent | 24th day -- but meta EIP-8081 first three changes (4/30) activate it at GitHub level |
| Hegota pool meta changes | 0 items | 3 items (EIP-8141 CFI + EIP-7716/EIP-8205 PFI) | Pool's first major update |
| EIP-8141 track progress | 1 item (4/22 sighash) | 4 items over 48 hours (lightclient merge / factory relaxation / CFI / meta update) | EL mainline entry stage |
| Weekly protocol calls | 7 calls | 3 calls (PQTS#7 / PQI#37 / ETM#3 all on 4/29) + ACDT #079 skipped + ACDC #178 postponed to 5/14 | No ACD main call during interop week |
| Snapshot drift | 5 consecutive days + EIP-6110 Final exit | 12 consecutive days + LEVEL 2 → LEVEL 1 downgrade (7 simultaneous exits on 4/29 → partial recovery) | Pattern entrenched |
| PQ track progress | EIP-8182 4 days + sighash + Scheme-Agile | PQTS#7 + PQI#37 + ETM#3 triple call + EIP-8182 4 updates over 3 days + EIP-7702 PQ Wallet | Enters 4-track integration stage |
| New EIP proposals / meta updates | 4 items | 5 meta items + 10+ EIP body updates | Both Hegota/Glamsterdam tracks activated |
| Client release gap | 25th day | 32nd day | Geth v1.17.2 / Lighthouse v8.1.3 CRITICAL unresolved |
| Lido Kelp/rsETH incident | D+1 4-Layer disclosure | D+9 -- Stage 1 (2,500 stETH execution 4/29) closed, Stage 2 (<1% vote) live | First validation of Dual Governance 5-day cycle |
| Lido CSM 3-tier quantification | Undisclosed | Default 1.74x / ICS 2.36x / IDVTC upcoming first stated(4/28) | 4/21 assumption validation |
| Lido Operator operating standard | Undisclosed | A41 6,918 validators / 78→17.64 ETH (4.42x) / Skimming 4.5→0.8 days (4/30) | First quantitative benchmark |
| Lido governance votes in progress | 1 item (rsETH relief registered) | 2 items (rsETH executed + First-Loss <1% Snapshot live) | Crisis response cycle accelerates |
| Institutional pipeline | Fireblocks WalletConnect Live + FalconX/Credora | + Lido V3 Copper Qualified Custodian integration announced(4/29) | 2nd major Custodian |
| External stETH evaluation | Qualitative | Staking Rewards A+ top rating (Dual Governance specified) | External validation forms |
| Weekly stETH reward distribution | Undisclosed | 4,666 stETH ($10.5M, 4/30) | Quantitative validation of crisis isolation operations |
| DVV end-April migration | D-3 undisclosed | Incentive end D-Day, technical schedule undisclosed D+15 | May slip nearly confirmed |
| ACDC #178 schedule | Scheduled 4/30 | 5/14 postponement confirmed | 2-week delay |
| ACDE #235 call notes | D+1 unpublished | D+8 unpublished | Accumulated |
| EPF Cohort 7 | Unannounced | 5/13 application deadline / 5/6 town hall (announced 4/30) | New |
Written by: @r2jamong
Data sources: ethereum/pm, EIP Upgrade Snapshot (forkcast.org), Ethereum Magicians, ethresear.ch, blog.ethereum.org, research.lido.fi, blog.lido.fi, Lido Finance X, Staking Rewards, Copper, Fireblocks