{"id":75615,"date":"2023-03-15T16:46:51","date_gmt":"2023-03-15T14:46:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75615"},"modified":"2025-09-10T12:39:27","modified_gmt":"2025-09-10T09:39:27","slug":"lido-reveals-approximate-timeline-for-steth-redemption","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/lido-reveals-approximate-timeline-for-steth-redemption\/","title":{"rendered":"Lido reveals approximate timeline for stETH redemption"},"content":{"rendered":"<p>The <a href=\"https:\/\/forklog.news\/cryptorium\/chto-takoe-likvidnyj-stejking\/\">liquid staking<\/a> platform Lido Finance plans to open redemption of stETH for the &#8216;original&#8217; cryptocurrency in mid-May 2023.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In addition to this, stETH withdrawals won\u2019t launch on mainnet until all audits concerning on-chain code are completed (expected end of April).<\/p>\n<p>Adding another 2 weeks as a safety margin, the current expectation is for mainnet withdrawals to be live around mid May.<\/p>\n<p>\u2014 Lido (@LidoFinance) <a href=\"https:\/\/twitter.com\/LidoFinance\/status\/1635739580136652825?ref_src=twsrc%5Etfw\">March 14, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Ethereum team planned the <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-team-outlines-shanghai-activation-schedule-for-mainnet\">activation of Shapella<\/a> in the mainnet around mid-April. After the hard fork, validators will have the ability to withdraw ETH from staking.<\/p>\n<p>The Lido developers announced that the <a href=\"https:\/\/forklog.com\/en\/news\/lido-developers-unveil-details-of-a-new-protocol-version\">launch of the updated protocol<\/a> on the Goerli testnet is planned for March 20. In their assessment, node operators will need up to four weeks to fully deploy and test the withdrawal feature.<\/p>\n<p>The company is currently conducting seven network audits, costing a total of $1.2 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Security is always the priority. It\u2019s a fundamental part of Lido\u2019s DNA and mission. <\/p>\n<p>$1.2 million has been spent on 7 V2 audits, the results of which will be made publicly available upon completion.<\/p>\n<p>So far they\u2019ve identified several issues that required swift attention.<\/p>\n<p>\u2014 Lido (@LidoFinance) <a href=\"https:\/\/twitter.com\/LidoFinance\/status\/1635739572905672719?ref_src=twsrc%5Etfw\">March 14, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Security is our top priority. It is a fundamental part of Lido&#8217;s DNA and mission. [\u2026] To date we have identified several issues that required immediate intervention,&#8221; said platform representatives.<\/p>\n<\/blockquote>\n<p>As of March 10, all issues have been resolved, and the updated contracts have been deployed on the <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-launches-testnet-to-test-eth-withdrawal-from-the-beacon-chain\">Zhejiang testnet<\/a>.\u00a0<\/p>\n<p>In late February, Lido <a href=\"https:\/\/forklog.com\/en\/news\/lido-records-a-daily-inflow-of-150000-eth-in-deposits\">recorded<\/a> a record daily inflow of deposits of 150,000 ETH.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The liquid staking platform Lido Finance plans to open redemption of stETH for the &#8216;original&#8217; cryptocurrency in mid-May 2023.<\/p>\n","protected":false},"author":1,"featured_media":75616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,1387],"class_list":["post-75615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-lido"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=75615"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75615\/revisions"}],"predecessor-version":[{"id":75617,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75615\/revisions\/75617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75616"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}