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For a 3.3V LVDS driver to drive a 2.5V LVDS receiver, a resistor network is required to change the common mode voltage to meet the specification of the 2.5V LVDS receiver.
As of 2003, LVDS can operate up to 2.5Gbs. The maximum speed is not defined since LVDS is an ongoing technology with speed continuously increasing. Actual speed for LVDS is application dependent.