Lido activated a new permissionless Ethereum module on October 23, allowing independent operators to run validators with effective balances of up to 2,048 ETH. The new module, named the 0x02 Community Staking Module (CSM), requires operators to bond 32 ETH for the first validator key and 30 ETH for each additional key. Lido will separately provide the staking funds for the validators, so the operator's bonded funds serve a different purpose than the protocol's initial deposit. Ethereum's 0x02 compound withdrawal credentials allow a validator's effective balance to grow above the 32 ETH minimum required for activation, up to a maximum of 2,048 ETH. Lido estimates that the capital multiplier for the first validator can reach 2.18x compared to solo staking, approaching 2.26x as more validators are added.