PhilidorWire
The Wire
Risk Change· Liquidity

Lido wstETH validator-exit queue extends to 11 days amid withdrawal surge

A spike in withdrawal requests pushed the Lido exit queue to ~11 days. Redemption-terms on wstETH-collateralized vaults were re-scored as the convertibility lag widened.

wstETHwstETHassetLidoLidoissuer
2Affected vaults
$46.20MTotal exposed
6.2/10Significance
01

Affected positions

Direct(2)

Vaults holding the affected asset directly.

morphowstETH
Gauntlet wstETH Core
morphoEthereum
$27.30M
Gauntlet wstETH CoremorphomorphowstETHwstETH
aavewstETH
Aave wstETH Reserve
aaveEthereum
$18.90M
Aave wstETH ReserveaaveaavewstETHwstETH
02

Exposure path

Each affected position shows its full route above — direct holdings resolve in one hop; wrapper exposure is expanded to the underlying (e.g. sUSDe → USDe).

03

Severity & reason

Risk Changesignificance 6.2/10

Scored dimension moved: redemption_terms downgraded on 2 vaults as exit-queue > 7d (rule: lst-exit-queue-rescore).

04

Suggested action

Review exposure. Monitor liquidity depth.

05

Evidence

SourceView article
Graph snapshotgsnap_3c77…1290bb
Methodologyv3.2.1
PublishedJun 23, 2026, 10:46 AM UTC