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Lido Gearing Up For Ethereum's Upcoming Shanghai Upgrade

Lido, the biggest liquid staking platform on the Ethereum blockchain, opened a snapshot vote on its version 2 (v2) upgrade, which includes a "Staking Router" said to ease the 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. "The Hash" panel discusses what this means for the Lido community and the future of decentralization.

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Ethereum Developers Target March 2023 for “Shanghai” Upgrade

Ethereum developers determined that the network’s next hard fork “Shanghai” will have a target release time frame of March 2023. This upgrade will allow Beacon Chain staked ether (stETH) withdrawals. “The Hash” panel discusses what that means for the future of Ethereum network.

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Nansen Research: Terra Collapse Triggered StETH’s Depeg

As the Three Arrows Capital (3AC) fiasco continues to ripple through the industry, staked ETH (stETH) has “depegged” from its prior one-to-one relationship with the spot market value of ether.

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