V3 & P2P: Expanding Ethereum Staking Flexibility with Lido stVaults
Product Overview
P2P is preparing to launch a suite of stVault powered staking and DeFi products designed to make Ethereum staking more flexible, yield optimized, and institution ready. The product lineup will include two complementary strategies.
The first, Dedicated stVaults, is a conservative offering aimed at institutional clients, DAOs, and family offices seeking direct staking exposure with predictable returns and clear validator attribution. The second, DeFi Vaults, introduces higher yield strategies through collaborations with experienced curators such as Mellow, combining staking rewards with onchain lending and other DeFi integrations. Together, these offerings create a unified framework that spans the entire risk spectrum, from conservative staking to advanced yield generation, built entirely on Lido’s stVault architecture.
In the current liquid staking landscape, institutions and advanced users face two main limitations: restricted control over validator selection and limited opportunities for differentiated yield generation. By adopting stVaults, P2P can directly address both. The new setup enables clients to stake through dedicated vaults linked to P2P’s own validator operations, and unlocking composable DeFi strategies around stETH.
This approach creates a unified experience that connects institutional staking and DeFi yield within a single, transparent system.
Initial Approach & Limitations
Under the prior Lido architecture, P2P faced constraints that prevented client specific validator routing and made it difficult to create segregated staking environments. Institutional demand for auditable, isolated vaults could not be met within pooled staking models, which lacked the infrastructure for dedicated validator mapping and individual client reporting.
As institutional participation in Ethereum staking continued to expand, P2P required a solution that combined control, transparency, and the flexibility to integrate customized risk and yield strategies.
Why V3 & stVaults
The introduction of Lido V3 stVaults provides P2P with a modular framework that meets these requirements. Built natively around stETH, the most liquid LST, stVaults serve as an ideal foundation for both institutional staking products and composable DeFi integrations.
Through stVaults, P2P can offer dedicated vaults per client, ensuring clear separation of assets, transparent validator performance, and easier accounting for institutional reporting. This architecture also enables customized SLAs and tailored performance metrics for clients requiring higher levels of operational precision.
Integration & Security Approach
P2P is integrating stVaults across its upcoming product suite through two primary pathways:
- First, dedicated private stVaults will be deployed for institutional clients. These vaults offer isolated exposure, validator level transparency, and the security assurances of Lido’s audited infrastructure.
- Second, DeFi Vaults will embed Lido stVaults into multi strategy products in collaboration with Mellow and other DeFi curators. These strategies combine the transparency and reliability of institutional staking with the yield potential of DeFi protocols.
This two-tiered integration model allows P2P to balance institutional security standards with DeFi composability, building a bridge between traditional staking and onchain yield optimization.
Expected Outcomes
By adopting Lido V3 stVaults, P2P gains the ability to design staking and yield products that are customizable, scalable, and fully transparent. Institutions will benefit from dedicated vaults offering clear performance attribution and auditable segregation, while DeFi users will access a new generation of yield optimized, stETH based strategies.
This architecture transforms staking into a programmable layer, allowing P2P to move seamlessly between conservative staking and complex yield structures, all within a unified framework. Beyond the technical advantages, the initiative positions P2P as one of the first Lido Node Operators to extend Lido V3 into a full scale DeFi product suite, advancing both the accessibility and sophistication of onchain staking.