- Lido has passed the vote to upgrade the protocol to Lido v2.
- stETH holders can now exchange stETH for ETH one to one.
- Celsius is among the largest potential withdrawers of stETH.
Ethereum has recently implemented the Shapella upgrade, which allowed validators to withdraw their staked ETH for the first time since 2020.
Contrary to popular belief, the event had virtually zero impact on the price of ETH. Not only that, the number of active Ethereum validators has only increased.
This might change as Lido, the largest liquid staking derivatives (LSD) protocol, has enabled stETH withdrawals.
Lido Enables stETH Withdrawals
Lido announced on Monday that the proposal to upgrade the protocol to v2 has passed.
Lido v2 brings two new features. The first is that stakers can now finally exchange their staked ETH (stETH) tokens for ETH.
Lido was the last major protocol to enable ETH withdrawals. Now…
