Lido Proposes a Two-Track System for Handling MEV Once Ethereum's ePBS Upgrade Arrives

Lido, the largest liquid-staking protocol by total value, posted a governance proposal to its research forum on November 4, 2026 outlining how it plans to handle maximal extractable value, commonly known as MEV, once Ethereum's upcoming enshrined Proposer-Builder Separation upgrade, referred to as ePBS, takes effect. MEV refers to the additional value that block producers can extract by strategically ordering, including, or excluding transactions within a block, and how that value gets captured and distributed is a central economic question for any large staking protocol.