# May 2026 — Week 1

*2026-04-27 ~ 2026-05-01*

---

# 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

1. **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.**

    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](https://x.com/LidoFinance/status/2049500629765124404)). In the same week, DeFi United drove normalization of rsETH backing by raising 100,000+ ETH over 3 days([@LidoFinance](https://x.com/LidoFinance/status/2048766838549422535)). Next, the [Lido Research 11527](https://research.lido.fi/t/authorise-loss-coverage-below-the-1-threshold-for-the-kelp-incident/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]([@LidoFinance](https://x.com/LidoFinance/status/2049147211955540465)) announced on 4/29 was added afterward as external validation.

2. **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.**

    The 4/30 12:38 UTC dionysuz [commit 2215c17](https://github.com/ethereum/EIPs/commit/2215c17cde2c7ee0bb5068f2beb573c4776e92ac) 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 `SETDELEGATE` opcode 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](https://github.com/ethereum/EIPs/commit/1037d6ef44bd42f1e744a09bda5af33b8d986cf9) 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](https://github.com/ethereum/EIPs/commit/d11ae258ef6ad8ae8fe5fedf28cea0c6c626ef00)) is a signal of strengthened infrastructure for parallel processing across both tracks.

3. **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.**

    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](https://ethresear.ch/t/upgrade-any-ethereum-wallet-to-post-quantum-security-in-one-transaction-using-zk-proofs-with-a-hidden-public-key/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](https://x.com/LidoFinance/status/2049046169699889525)), 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](https://blog.lido.fi/exiting-7k-validators-a-case-study-in-optimizing-ethereum-validator-exits/)).

---

## 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](https://github.com/ethereum/pm/issues/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](https://github.com/ethereum/pm/issues/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](https://github.com/ethereum/pm/issues/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](https://github.com/ethereum/pm/issues/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](https://github.com/ethereum/pm/issues/2034)) |
| 4/30 (Thu) | ~~ACDC~~ | **#178 → postponed to 5/14** | Presumed follow-up coordination after interop week ([#2028](https://github.com/ethereum/pm/issues/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` + `hegotá` agendas + 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](https://github.com/ethereum/pm/issues/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](https://github.com/ethereum/pm/issues/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](https://github.com/ethereum/pm/issues/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*<br>
*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*