The Lido Finance team has announced the release of a new version of its liquid stacking platform. According to the developers, the upcoming upgrade will be the largest in the history of the protocol and represents an important step towards decentralization.
Key components of Lido v2:
- The Staking Router, a new modular architecture that allows market participants, including solo stakers, to become node operators;
- Withdrawal – stETH holders will be able to withdraw the underlying asset – ETH – from the beacon chain (this feature will appear after the planned Shanghai hardforge in March).
“With Stacking Router, Lido becomes a platform where stackers, developers and node operators can interact and collaboratively manage the future of decentralized Ethereum”.
Project participants expressed that the ability to withdraw stETH from staking and receive ETH in return will have a positive impact on the user experience and the DeFi segment as a whole.
Security testing is already underway. The next steps before the release of version 2 will be a vote in the DAO on the proposed innovations and the launch of the system on Goerli’s test network in early March.
Lido leads the DeFi Llama ranking with a TVL of $8.47 billion.
Earlier, Ethereum developers launched a testnet to test the withdrawal of ETH from the beacon chain.
