TL;DR: Lido DAO Vote #194 proposes activating Lido V3 (Phase 1 soft launch). It introduces non-custodial, over-collateralized staking vaults (stVaults), letting users choose operators/strategies while still minting stETH. The launch is intentionally limited to reduce risk. The upgrade includes contract upgrades, role/permission changes, oracle and slashing config updates, disabling pre deposit guarantees for the soft launch, and adding Easy Track factories for vault management.

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