[ad_1]
- Lido Finance enabled Ethereum withdrawals after its V2 mainnet went live earlier today.
- The community behind the DeFi staking platform approved the transition to version 2 with an on-chain vote.
- Lido’s governance token has rallied more than 12% following the latest developments.
Largest Cosmopolitan Finance Ethereum Staking protocol, activated to withdraw staked ether from its platform. The activation of Ethereum withdrawals comes with the transition to version 2 of the liquid staking protocol, which was approved by the community behind the staking platform via a governance vote earlier today.
Cosmopolitan Financial Community Passes V2 Overwhelmingly
Decentralized Autonomous Organization (DAO) Behind Lido Finance Approves Governance vote The decision to move to V2 was overwhelmingly made earlier today. According to data from Aragon, an on-chain voting platform, 100% of voting members supported the transition to V2. On-chain voting starting May 12, 2023 received 0 votes against the proposal.
The launch of Lido V2 represents an architectural evolution of the Lido protocol, bringing stETH holders the ability to natively unstake their stETH in the stETH protocol into ETH. Simple, convenient and timely withdrawals are a core part of a proven staking product. ”
Isidoros Passadis, Lido DAO contributor
The agreement describes the Lido V2 mainnet launch as the most significant upgrade to date. This move allows Ethereum stakers to unstake ETH directly through the protocol. The upgrade to V2 also enables the platform’s staking router, which allows on-ramps to be developed for new node operators, from individual stakers to DAOs and Distributed Validator Technology (DVT) clusters.
Ethereum withdrawals on Lido activate a month after Ethereum’s Shapella upgrade went live. The liquid staking platform hopes that an in-protocol ETH withdrawal feature will simplify the overall staking experience for users and resolve previous inconveniences associated with protocol security. The latest development has a bullish impact on Lido’s governance token, LidoDAO. The token is up more than 12% in the past 24 hours, peaking at $2.17 earlier today.
[ad_2]
Source link