Lido plans to level up ahead of Ethereum Shanghai hard fork upgrade

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Lido plans to level up ahead of Ethereum Shanghai hard fork upgrade
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Lido is expected to launch V2 before the Shanghai hard fork Ethereum upgrade.

Liquid staking protocol Lido is set to roll out staking reward withdrawals and improved staking architecture with the announcement of the upcoming Lido v2 upgrade.

The Staking Router introduces a modular architectural design allowing the development of on-ramps for new node operators, including solo stakers,and distributed validator technology clusters. The latter is a protocol that allows validator duties to be shared across multiple nodes. The enabling of liquid staking rewards withdrawals allows Lido Staked ETH holders to withdraw funds from Lido at a 1:1 ratio in ETH. An overview of the upgrade shared with Cointelegraph notes that the withdrawals feature also mitigates risks in the secondary market, which is provisionally set for activation after Ethereum’s Shanghai upgrade.Users looking to withdraw ETH will have to follow a proposed request and claim process. A request will require users to lock stETH to start the withdrawal.

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