Experts give advice: Will Mt.Gox BTC receivers continue to hold or dumping?

The upcoming upgrade aims to enhance the staking experience by introducing the Staking Router architecture and the withdrawal of stETH:ETH within the protocol.

Author: @0xFinish

Compilation: ChainCatcher

Last night, Liquiditystakeprotocol Lido released an announcement about the V2 upgrade vote. According to the schedule, the Aragon vote will start at 20:00 on May 12th, and the main voting phase will end at 20:00 on May 14th, etc. DeFi researcher Finish tweeted that the impact of Lido V2 update will be significant, which is exciting news for all LSD users. What information do you need to know? What upcoming opportunities and changes are there? ChainCatcher has translated and organized the content of the tweet, and the original text is as follows:

This theme will cover: Review of Lido, some key indicators of Lido, what updates have been made in V2, potential impacts, and how to participate.

Before we enter Lido V2, let’s quickly review what Lido Finance is. Lido is a DecentralizationLiquiditystake platform on Ethereum, allowing users to stake their $ETH and receive stETH in return, which represents 1:1 stake of ETH and can be freely used in Defi.

Lido is currently the largest liquid staking platform, with a market share of 31.6%. This is why the V2 update is so important, as it has a huge impact on the ETH ecosystem.

Lido is also the fastest platform for validator rise every month among all platforms. With the V2 update, these numbers will rise even faster.

Now that we’re familiar with Lido, let’s take a deeper look at Lido V2. The upcoming upgrade aims to enhance the staking experience by introducing the Staking Router architecture and protocol-native stETH: ETH withdrawals. The Staking Router Architecture design helps integrate new staking modules into the Lido protocol. This means improved handling of stake operations and a more efficient infrastructure.

Everyone benefits from it, and the stakers will distribute their assets among different entities, greatly enhancing Decentralization and security. Now, other types of Node operators, DAOs, independent stakers, and small groups can participate in Lido.

Even developers. Users will also be able to propose and implement modules using different combinations of Node operators and with various competitive features (such as coverage options and fee structures), and apply to join the module set of Staking Router.

stETH in protocol: ETH withdrawal: This is a game-changing feature for our stakeholders in the Lido V2 upgrade, which simplifies the withdrawal process and makes it more user-friendly and efficient. Using Lido to withdraw is much faster, and for those who hold less than 1000 stETH, it takes less than 1 day to withdraw. Standard Ethereum withdrawals usually take 2-6 days. The table below contains three possible withdrawal times:

In addition, a large amount of funds are locked in the protocol, and security is very important. Lido has 7 different audits and testnets, with 27 different validators, so the funds must be secure.

According to official news from Lido, V2 has undergone 9 independent audits and issues have been identified during the audits. All issues have been confirmed or fixed.

The V2 update will bring multiple benefits to users. Through improved security and new stake router infrastructure, LSD will become more secure and decentralized. In addition, with fast withdrawals, small wallets (<1000 $ETH) can almost instantly withdraw, while if you are a large wallet, you need to wait longer, but it is still more flexible compared to direct stake.

Lido V2 upgrade will undergo the final on-chain vote on May 12th. If the vote is successful, the upgrade will go live on May 15th, bringing all these exciting new features and improvements to the Lido community.