Lido DAO, the decentralized autonomous organization behind Ethereum's largest liquid staking protocol, is preparing a community vote to reverse specific fork-related contract deployments on Ethereum's Hoodi testnet, with the rollback expected to proceed this coming Saturday, October 24. The decision follows a call by Ethereum core developers to suspend the scheduled activation of the Glamsterdam hard fork, which had been slated for October 26, 2026.

The protocol confirmed that core contracts on the Ethereum mainnet remain unaffected. As of October 23, 2026, Lido reported $23.325 billion in total value locked (TVL), while the 24-hour trading volume for its $LDO governance token stood at $34.9 million. Holders of stETH and wstETH — the protocol's liquid staking token and its wrapped counterpart, both representing staked ether — are not required to take any technical action.

Lido Glamsterdam on Hoodie Update

On yesterday's ACDE #248 call, Ethereum core developers made the decision to postpone the Glamsterdam upgrade on the Hoodi testnet to allow for further investigation into how EIP-8037 and EIP-8038 interacts with mainnet contracts:…

— Lido (@LidoFinance) October 23, 2026

Why the Glamsterdam Activation Was Paused

The rollback is intended to revert smart contracts that had been preliminarily deployed on the test network in anticipation of the upgrade. On Thursday, October 22, the Ethereum Foundation announced that the deployment originally set for October 26 had been suspended indefinitely. Technical documentation released by the development teams indicates the pause is needed to assess the effects of improvement proposals EIP-8037 and EIP-8038. Public testnets such as Hoodi serve as rehearsal environments where Ethereum upgrades are activated and validated ahead of mainnet scheduling.

Lido DAO's technical team stated that funds deposited on the main network remain intact. According to the protocol's official report, the postponement in the test environment has no impact on operational contracts on mainnet. The organization further clarified that stETH and wstETH holders do not need to perform token migrations or make adjustments to their wallets.

Meanwhile, Lido contributors began coordinating direct actions with node operators. The official recommendation issued urges validators participating in Hoodi to check their Execution Layer and Consensus Layer clients to ensure they do not retain configurations associated with the canceled date.

Code Audits and Compatibility With EIP-8037 and EIP-808

Ethereum Improvement Proposals (EIPs) are the standardized specifications through which changes to the network are proposed, reviewed, and adopted. Ecosystem developers are evaluating the impact of EIP-8037, which proposes changes to internal gas accounting related to state creation and management. Analysis documents prepared by security firm ChainSecurity suggest these modifications could alter failure handling in complex sub-calls between Ethereum contracts. Independent researchers note that altering gas reserves could allow failure routines to execute in contracts that previously reverted the transaction.

Lido technical contributors have been monitoring proposal EIP-8037 since June 2026. According to preliminary audit reports from ChainSecurity, tests conducted on Lido's codebase revealed no critical vulnerabilities or direct incompatibilities in the core contracts of the liquid staking protocol.

Despite those favorable results, protocol governance chose to pull the modifications on Hoodi in order to align with the overall client software pause. Data from the Ethereum Foundation indicates that while the prior fork on the Sepolia testnet took place on October 6 with a 200-million gas limit, the Hoodi test environment requires additional reviews before the behavior of existing contracts can be validated.

Technical coordination will continue alongside deliberations among Ethereum core developers. Developer community spokespeople indicated that removing the target dates on Hoodi prevents desynchronization among validators whose clients might retain outdated schedules corresponding to the October 26 block.

Market Performance and $LDO Token Metrics

Throughout the session, the platform's governance token experienced moderate fluctuations. According to CoinGecko figures recorded on Friday, October 23, at 19:15 UTC, $LDO was trading at $0.3875, representing a 1.3% increase over the past 24 hours. During that trading range, the asset marked an intraday low of $0.3784 and an intraday high of $0.3934.

$LDO's 24-hour trading volume reached $34.9 million at the close of that same session. Market capitalization is calculated based on a circulating supply of 829.6 million tokens against a total and maximum supply of 1 billion units. Meanwhile, the protocol's total value locked (TVL) stood at $23.325 billion as of October 23, while open interest in perpetual derivative contracts reached $121.2 million.

Next Steps

Infrastructure operators on the Hoodi testnet have until October 26, 2026, to update their consensus and execution clients to versions that formally discard the hard fork, while Lido DAO finalizes the timeline to formally submit the contract rollback to a vote on its governance forum. Points to watch from here are the publication of the rollback proposal on Lido's governance forum for community voting, and future Ethereum core developer calls — the same ACDE series where the postponement was decided — where a revised activation date for Glamsterdam on Hoodi would be set.