- Scheduled on 15th May 2023
- Lido price is up by 10% since the last 2 days
Understanding V2 upgrade and its impact on Lido?
- Withdrawals on Lido will be much faster, under 1 day for those who hold less than 1000 stETH. Earlier this would take 2-6 days for a standard Ethereum withdrawal
- Improving security and with new staking router infrastructure, Lido will become even safer and more decentralized
- Enhancing the staking experience by introducing new staking modules within the Lido protocol with improved infrastructure
Analyst take
- Lido is currently the biggest liquid staking platform for ethereum with a whopping 31.6% market share, so the upcoming V2 upgrade is crucial for its ecosystem
- Overall, this upgrade will boost the Lido ecosystem with more staking deposits coming in future as this simplifies the withdrawal process, making it more user friendly and efficient.
Source: Lido Blog
Note: This is not an investment advice and we highly recommend that you do your own research
