Lido V2 Activation Opened Ethereum Withdrawal
On May 15, the Lido Finance liquid staking platform team rolled out the second version of the protocol following a successful community vote.
Following a successful on-chain vote, Lido V2 is officially here.https://t.co/36EmuagToD
— Lido (@LidoFinance) May 15, 2023
The update received 100% support.
The main points in the protocol update to Lido v2 were:
the ability to withdraw Ethereum from staking by burning stETH in a ratio of 1:1;
the launch of a staking router (Staking Router), which is designed to diversify the set of validators and promote further decentralization.
A number of other changes, including updates to the Oracle smart contract and back-end off-chain software, aim to support two new key options.
Lido v2 has passed several security audits by Sigma Prime, ChainSecurity, Oxorio, Statemind, HEXENS, MixBytes() and Certora.
According to the Dune Analytics dashboard, there are over 20 million ETH locked in staking. The share of Lido is 31.3% with an indicator of 6.3 million ETH.
Ethereum developers have opened the possibility of withdrawing assets from staking with the activation of the Shapella hard fork on April 13th.
On May 9, the Lido team announced the launch of the second version of the protocol following a three-day vote that started on May 12.
Source: bitcoinlinux.com
