The Lido community is voting to signal support for Lido’s upgrade to its second iteration, which would allow stETH to ETH withdrawals and introduce new modular architecture meant to ease onboarding different validator subsets. reports
Lido, the biggest liquid staking platform on the Ethereum blockchain, has begun preliminary voting on a software overhaul that will also clear the way for staked token withdrawals.Staking Router
” said to ease onboarding of different validator subsets. The second element of the v2 upgrade will allow users to redeem Lido’s flagship stETH tokens for the underlying ether tokens once Ethereum’s Shanghai upgrade, more accurately known as “Shapella,” hits., giving stETH a market cap over $9.2 billion.gives the Lido community a chance to signal its support or opposition to the proposal before it goes to an on-chain vote, the final step to approving the mainnet upgrade.
The upgrade will bring a"significant rewrite" to Lido’s on-chain code and off-chain code, according to theIn addition to stETH to ETH withdrawals and a new modular architecture for staking, the upgrade will rewrite Lido’s oracle smart contract and off-chain software in order to process withdrawals. The voting to approve these vast infrastructure changes began even before Lido’s chosen vetters finished their work. Lido lists seven auditors involved in checking the security of its v2 code, but only one, ChainSecurity, appears to have completed its audit. “The audit scope is huge, 7,5+K lines of code.
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