Lido Finance Announcing Lido Version 2, Upgrades Staking Router And Withdrawals
Key Points:
- Lido Finance will support Ethereum staking withdrawals post-Shanghai and rebuild the Staking Router to increase the platform’s decentralization.
- It will also support new routers, increasing protocol decentralization and involvement in its ecosystem.
Lido Finance has completed the design for the second iteration of its protocol, which will add support for Ethereum staking withdrawals post-Shanghai and rebuild the Staking Router to increase the platform’s decentralization.
According to a blog post, the proposals were presented to the Lido community. Before it can be implemented, it must first become an official proposal and be approved by token holders in a vote.
Six audits will be performed on Lido Version 2.0, with vendors such as Sigma Prime, ChainSecurity, and Oxorio participating. Withdrawals, the code for the staking router code, and a key ceremony will be the focus of the security inspections.
The code will be frozen in February when the security audits begin. The change will be put to the vote on Lido’s governance platform at the end of February. The upgrade will go live on the Goerli testnet in early March, and it will also go live on mainnet ahead of the Shanghai-Capella (also known as Shapella) improvements.
The important component of the upgrade will be the addition of functionality for staking withdrawals after the Shanghai-Capella improvements, which are scheduled for late March. Lido’s liquid staking derivative token will be able to unstake it and obtain the underlying ether in a 1:1 ratio.
It is likely that stETH will trade quite close to the underlying asset due to an arbitrage opportunity between the two. However, because unstacking takes time, anything from 24 hours to a week, there will certainly be a pricing difference between the two.
Version 2.0 of Lido will also have a revamped Staking Router, part of the protocol that assigns staking to selected validators.
There is currently only one router, which is managed by the Lido DAO. Under the new design, anyone may suggest adding a new router that would pass on staking requirements to validators and would be configured differently than the official one.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
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Lido Finance Announcing Lido Version 2, Upgrades Staking Router And Withdrawals
Key Points:
- Lido Finance will support Ethereum staking withdrawals post-Shanghai and rebuild the Staking Router to increase the platform’s decentralization.
- It will also support new routers, increasing protocol decentralization and involvement in its ecosystem.
Lido Finance has completed the design for the second iteration of its protocol, which will add support for Ethereum staking withdrawals post-Shanghai and rebuild the Staking Router to increase the platform’s decentralization.
According to a blog post, the proposals were presented to the Lido community. Before it can be implemented, it must first become an official proposal and be approved by token holders in a vote.
Six audits will be performed on Lido Version 2.0, with vendors such as Sigma Prime, ChainSecurity, and Oxorio participating. Withdrawals, the code for the staking router code, and a key ceremony will be the focus of the security inspections.
The code will be frozen in February when the security audits begin. The change will be put to the vote on Lido’s governance platform at the end of February. The upgrade will go live on the Goerli testnet in early March, and it will also go live on mainnet ahead of the Shanghai-Capella (also known as Shapella) improvements.
The important component of the upgrade will be the addition of functionality for staking withdrawals after the Shanghai-Capella improvements, which are scheduled for late March. Lido’s liquid staking derivative token will be able to unstake it and obtain the underlying ether in a 1:1 ratio.
It is likely that stETH will trade quite close to the underlying asset due to an arbitrage opportunity between the two. However, because unstacking takes time, anything from 24 hours to a week, there will certainly be a pricing difference between the two.
Version 2.0 of Lido will also have a revamped Staking Router, part of the protocol that assigns staking to selected validators.
There is currently only one router, which is managed by the Lido DAO. Under the new design, anyone may suggest adding a new router that would pass on staking requirements to validators and would be configured differently than the official one.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
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