Lido expects staked Ethereum withdrawals in May

Liquid staking protocol Lido (LDO) has set a May target for staked Ethereum (stETH) withdrawals. The protocol explained that its timeline was affected by the ongoing audits of its V2 platform. Lido spent $1.2 million on seven audits In a March 14 Twitter thread, the DeFi protocol said it had spent $1.2 million on seven … Read more

Ethereum [ETH]: Will this development turn HODLers into stakers

Ethereum stakers impacted positively after the merge. Addresses continued to hold their ETH as selling pressure reduced. According to a 1 March tweet by Messari, the Ethereum [ETH] merge had a huge impact on the state of stakers. Even though the prices of ETH took a hit, staking returns improved from 1% in Q3 to … Read more

Ethereum nears staking withdrawals with Shapella upgrade on Sepolia

Ad Ethereum has completed the “Shapella” upgrade on its Sepolia testnet, according to tweets from various Ethereum developers on Feb. 28. The upgrade was completed at epoch 56,832 at 4:04 a.m. UTC as planned. The name “Shapella” is a portmanteau, referring to the fact that the upgrade combines two related upgrades: Shanghai (which adds features … Read more

Cardano founder Charles Hoskinson calls Ethereum staking problematic

Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 5 days ago

Lido’s staked Ethereum crosses 5M, Frax Ethereum on the rise

Liquid staking protocol Lido said its staked Ethereum on the Beacon Chain reached 5.05 million ($8.32 billion). LDO surged 18% to $2.45 in the last 24 hours, according to CryptoSlate data. The token rose by 16% in the previous seven days and 25% in the last 30 days. Lido dominates liquid staking On Feb. 6, Lido … Read more

Ethereum staking withdrawal testnet ‘Zhejiang’ set to launch Wednesday

A testnet that will demonstrate Ethereum staking withdrawals is set to go live on Wednesday, according to statements from developers on Jan. 30. Ethereum Foundation members Parithosh Jayanthi and Barnabas Busa said the Zhejiang testnet will go live on Feb. 1 at 15:00 UTC. The Shanghai and Capella upgrade will be triggered on the testnet … Read more

Shift toward Liquid Staking Derivatives expected after ETH Shanghai upgrade

The Ethereum (ETH) Shanghai upgrade is due to release March, enabling withdrawals from beacon chain and allowing ETH currently staked in ETH 2.0 validators to be unstaked. With over 70% of ETH stakers currently at a loss with their ETH inaccessible, the Shanghai upgrade will enable stakers access to their ETH and decide whether to … Read more

Staked Ethereum surpasses 16M, over 70% stakers at a loss

The amount of staked Ethereum (ETH) has risen by 18% to over 16 million since the network completed its transition to a proof-of-stake (PoS) network last year, according to CryptoSlate data. The 16 million staked ETH equates to roughly 13.28% of ETH’s total supply — worth $22.42 billion —  500,213 total validators and 87,121 distinct depositor addresses, … Read more

Validators will be able to withdraw staked ETH from March

In a call on Jan. 5, Ethereum (ETH) developers reached a consensus for March 2023 as the tentative target for the Shanghai hard fork. The only significant code change in the Shanghai upgrade will focus on enabling validators to withdraw staked ETH. Developers decided on the call. Developers had hoped to incorporate a set of Ethereum … Read more

Shanghai upgrade to include Ethereum unstaking

Ethereum developers said the upcoming Shanghai upgrade, slated for March, would add functionality to withdraw staked ETH, according to Bloomberg News. The confirmation brings welcome relief for stakers and vested parties, who, following ongoing speculation over indefinite token lock-in, now see the light at the end of the tunnel. Since the Beacon Chain went live … Read more