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

Lido now has the highest DeFi TVL as LDO increases 17%

Ethereum (ETH) staking protocol Lido (LDO) is now the dominant DeFi protocol based on the total value of assets locked (TVL) in its ecosystem, according to DeFillama data. Lido’s TVL overtook that of MakerDAO (MKR) in the last 24 hours after rising by 0.57% to $5.90 billion. According to the data aggregator, this places Lido’s … Read more

Native ETH staking with Kiln is now available on Enzyme!

Avantgarde 🦏 Dec 15 · 4 min read We are delighted to announce that Kiln’s native ETH staking is now available on Enzyme! This integration gives asset managers (with a minimum of 32 ETH) a human-readable way to access Kiln’s enterprise-grade ETH staking, to earn up to 15% APR rewards. Who is Kiln? With over … Read more

Ethereum up 4% after staked ETH withdrawal revelation

Ethereum (ETH) developers will prioritize the withdrawal of staked ETH in the Shanghai upgrade scheduled to hold as early as March 2023. [email protected]‘s summary in Eth R&D Discord of #AllCoreDevs call pic.twitter.com/RU4I2zdXKd — abcoathup.eth 🦇🔊🦆🌱 (@abcoathup) December 9, 2022 A Twitter thread from Tim Beiko revealed that the developers discussed the scope of the Shanghai … Read more

Op-Ed: Is Ethereum now under U.S. control? 99% of latest relay blocks are censoring the network

Following OFAC sanctions on Ethereum addresses related to Tornado Cash and other global entities, many were concerned with the precedent set by the bans. Vitalik Buterin, the founder of Ethereum, called for validators to be slashed if censorship were to occur at the protocol layer. However, over the past month, there has been an increase … Read more

Total staked Ethereum surpasses 14 million in Q3 amid 64% decline in price

The amount of staked Ethereum has increased to just over $19 billion at about 14 million ETH since the start of the year, according to a report by the trading platform Bestbrokers. While the price of Ethereum has declined around 64% during the same time, other assets such as Gold and equities are also down … Read more