# Lido proposes a permissionless 0x02 CSM module

> A concrete design entered governance discussion with proposed bond, fee, penalty, capacity, queue, and delegated-role parameters.

- URL: https://riadefi.com/on-chain/2026-06-25-lido-0x02-csm-module-proposal/
- Type: Economic change
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-06-25
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Follow-up: 2026-07-20
- Advisor-relevant: no
- Affects: Lido (protocol)

## What happened

Lido contributors proposed a separate permissionless CSM using 0x02 withdrawal credentials and validator balances up to 2,048 ETH.

## What changed

A concrete design entered governance discussion with proposed bond, fee, penalty, capacity, queue, and delegated-role parameters.

## What did not change

Within June it had not been approved, deployed, or activated; the exact module allocation and top-up seats were not final, and 0x01 operators had no direct migration path.

## Confirmed

- The proposal calls for a new CSM v3 instance using 0x02 credentials.
- The proposed maximum validator balance is 2,048 ETH.
- Proposed bonds are 32 ETH and 30 ETH, with a 2% operator and 8% DAO split.
- The proposed combined 0x01/0x02 capacity ceiling is 20%.
- The CSM Committee would receive penalty, queue, bond-curve, and pause roles.

## Still open

- Approval and deployment after June 30.
- Final capacity, queue seats, addresses, role holders, thresholds, audits, and activation conditions.
- Realized slashing, exit, liquidity, and concentration effects.

## What it means for an advisor

- Monitor approval and deployment, then review concentration, slashing, queue, and delegated-control assumptions.
- Do not infer that the proposal is operative or safer than existing CSM.

## Sources

1. [0x02 CSM Landscape](https://research.lido.fi/t/0x02-csm-landscape/11697) · Lido Governance · 2026-06-25


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.