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 in order to increase the platform’s decentralization.
It will also support new routers, increasing the decentralization of protocol and participation 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. It must be made an official proposal before it can be implemented. Token holders must approve it. Security inspections will focus on withdrawals, the code for the staking routing code, and a key ceremonial. The code will be frozen in February, when the security audits start. At the end of February, the change will be up for vote on Lido’s governance platform. The upgrade will be available on the Goerli testing network in March and on the mainnet before the Shanghai Capella (also known by Shapella) improvements. It will also be available on the mainnet in March. Lido’s liquid staking derivative token token will be able unstake it and receive the underlying ether at a 1:1 ratio. This is due to an arbitrage possibility between the two. Unstacking takes time and can take up to 24 hours. There will be a price difference between the two. Version 2.0 of Lido will include a revamped Staking Router. This is part of the protocol that assigns stake to validators. Anyone can suggest a new router to pass on staking requirements and be configured differently than the current one. We encourage you to do your own research before investing.Join us to keep track of news: NewsTags: LidoLido DAOLido DAO FinanceLido FinanceLido Finance’s tokenLido TeamLido Version 2