Lido announced that today’s stETH rebase has been completed successfully, including ETH that had previously been omitted because of an under-calculated rebase.

According to a post from Lido on X, the update also includes changes to the protocol oracle designed to improve reporting speed and support investigations into similar issues in the future: https://x.com/LidoFinance/status/2081391307193233528

Background on the Rebase

The completed rebase addresses a prior under-calculation involving stETH, Lido’s liquid staking token for Ethereum. Lido said the missing ETH was included in today’s rebase, and the process was completed without funds being at risk.

A rebase is the mechanism by which stETH balances are adjusted to reflect staking rewards and related accounting updates. In this case, the completed rebase was used to include ETH that had been missed in an earlier calculation, making the reporting process particularly relevant for users and integrations that track stETH balances.

The update comes as Lido continues to manage stETH within the broader Ethereum ecosystem. Ethereum Layer 1 hosts around $25 billion in tokenized assets, according to the source article, and Lido remains one of the major liquid staking protocols operating on the network.

Protocol Oracle Improvements

Lido said the protocol oracle has been improved as part of the update. The changes are intended to make oracle reports faster and to make it easier to investigate any future issues.

Protocol oracles are important in liquid staking systems because they help report data used in accounting for staked assets and token balances. Faster reporting and clearer investigation paths can therefore matter not only to protocol contributors, but also to applications and users that rely on timely stETH information.

Contributors are continuing to work on a root cause analysis related to the earlier under-calculation. Lido also said a full post-mortem report will be published soon, providing additional information about the incident and the steps taken in response.

stETH and Lido’s Role on Ethereum

stETH is used by Lido to represent staked ETH while allowing holders to retain liquidity. The token is part of Lido’s liquid staking system, which lets users stake ETH and receive stETH in return.

Ethereum is a major blockchain platform known for smart contracts and decentralized applications. Lido’s update is relevant to Ethereum users because stETH is widely used across parts of the ecosystem, and accurate reporting is important for the operation of liquid staking products.

The successful completion of the rebase, the inclusion of the previously missing ETH, and the oracle reporting improvements are all part of Lido’s stated effort to maintain transparency and protocol integrity.

Lido’s future announcements regarding stETH, the protocol oracle, and the forthcoming post-mortem report are expected to provide further details on the under-calculation and the corrective measures taken.