Lido Adjusts EarnETH Fee Structure, Cuts Management Fee to 0.2%

The fee rebalancing is a strategic move to sharpen Lido's edge in a crowded liquid staking arena, shifting cost weight toward performance rather than flat management. This lowers the barrier for passive holders while aligning Lido's revenue more closely with yield generation, a signal that protocol competition is intensifying on fee mechanics. The open question is whether rivals will mirror this structure, potentially sparking a broader fee war that compresses margins across the sector. For EarnETH users, the immediate impact is a more performance-sensitive cost profile, though the net effect depends on actual yield swings.