{"id":78472,"date":"2023-05-09T10:35:28","date_gmt":"2023-05-09T07:35:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78472"},"modified":"2025-09-11T05:14:54","modified_gmt":"2025-09-11T02:14:54","slug":"lido-to-enable-steth-redemptions-for-eth-after-v2-protocol-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/lido-to-enable-steth-redemptions-for-eth-after-v2-protocol-launch\/","title":{"rendered":"Lido to enable stETH redemptions for ETH after v2 protocol launch"},"content":{"rendered":"<p>The team of the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-liquid-staking\">liquid staking<\/a> Lido Finance announced the launch of the protocol&#8217;s second version on May 15 after a three-day vote on the corresponding proposal. Lido v2 will enable redemption of stETH for Ethereum.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">A Lido V2 update:<\/p>\n<p>The final on-chain vote for the V2 upgrade is scheduled for this Friday, May 12th.<\/p>\n<p>If no last-minute findings are surfaced and the vote is successful, Lido V2 will be live after the vote enactment on May 15th ?\ufe0f<\/p>\n<p>\u2014 Lido (@LidoFinance) <a href=\\\"https:\/\/twitter.com\/LidoFinance\/status\/1655656843501355009?ref_src=twsrc%5Etfw\\\">May 8, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Initially, around 270,000 ETH will be available in the platform&#8217;s treasury, allowing withdrawal requests without the lengthy process of <a href=\"https:\/\/forklog.com\/en\/news\/what-is-liquid-staking\">validator exits from the network<\/a>. <\/p>\n<p>According to the developers, the upcoming upgrade will be the largest in the protocol&#8217;s history, marking an important step toward decentralization.<\/p>\n<p>The project team will also launch the Staking Router \u2014 a new modular architecture that enables market participants, including solo stakers, to become node operators. <\/p>\n<p>Earlier, Glassnode analysts reminded of Lido Finance&#8217;s promise to redeploy the staking rewards earned.<\/p>\n<p>In April, the volume of assets locked in the protocol <a href=\"https:\/\/forklog.com\/en\/news\/lido-finances-tvl-tops-12-7bn-after-shapella-hard-fork\">exceeded $12.7 billion<\/a> after the <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-activates-shapella-hard-fork-on-mainnet\">Shapella<\/a> hard fork. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The team behind the liquid staking platform Lido Finance announced the launch of the protocol&#8217;s second version on May 15 after a three-day vote on the corresponding proposal. Lido v2 will enable redemption of stETH for Ethereum.<\/p>\n","protected":false},"author":1,"featured_media":78473,"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-78472","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":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78472","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=78472"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78472\/revisions"}],"predecessor-version":[{"id":78474,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78472\/revisions\/78474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78473"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}