{"id":78718,"date":"2023-05-15T11:01:29","date_gmt":"2023-05-15T08:01:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78718"},"modified":"2025-09-11T06:57:58","modified_gmt":"2025-09-11T03:57:58","slug":"lido-launches-vote-on-deploying-the-second-version-of-its-protocol-on-ethereum","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/lido-launches-vote-on-deploying-the-second-version-of-its-protocol-on-ethereum\/","title":{"rendered":"Lido launches vote on deploying the second version of its protocol on Ethereum"},"content":{"rendered":"<p>The <a href=\"https:\/\/forklog.com\/en\/news\/what-is-liquid-staking\">liquid staking<\/a> platform Lido Finance has initiated a vote to launch the second version of its protocol on the Ethereum network.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">? The Aragon vote to implement the Lido on Ethereum V2 upgrade is now live! ?<\/p>\n<p>You can cast your vote on Lido\u2019s most important upgrade to date here: <a href=\"https:\/\/t.co\/GMrXGuLIdT\">https:\/\/t.co\/GMrXGuLIdT<\/a><\/p>\n<p>Assuming the vote passes, Lido V2 will go live on May 15th ?\ufe0f <a href=\"https:\/\/t.co\/GE3aea83fD\">pic.twitter.com\/GE3aea83fD<\/a><\/p>\n<p>\u2014 Lido (@LidoFinance) <a href=\"https:\/\/twitter.com\/LidoFinance\/status\/1657045305689350146?ref_src=twsrc%5Etfw\">May 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The developers described this event as \u201cthe most important update\u201d since the project launched in December 2020.<\/p>\n<p>First, Lido v2 will open the ability to redeem stETH for Ethereum. Initially, around 270,000 ETH will be available in the platform&#8217;s vault, enabling withdrawal requests without the lengthy process of validators exiting the network.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/protocol\/lido\">DeFi Llama<\/a>, as of writing, about $12.35 billion worth of digital assets are locked on the platform.<\/p>\n<p>As part of the update, a Staking Router will be launched to diversify the set of validators.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe introduction of a withdrawal system in conjunction with the Staking Router will contribute to greater decentralisation of the network, more efficient operation of the protocol, and provide the long-awaited ability to withdraw funds, strengthening stETH as the most composable and useful asset in Ethereum,\u201d the developers said.<\/p>\n<\/blockquote>\n<p>The vote closes on May 15 at 18:00 (Kyiv\/Moscow time). LDO holders are backing the proposals; as of writing, no votes against have been cast.<\/p>\n<p>Back in April, Glassnode <a href=\"https:\/\/forklog.com\/en\/news\/glassnode-shapella-sales-likely-to-affect-no-more-than-1-of-staked-eth\">analysts reminded<\/a> of Lido Finance&#8217;s promise to redeploy the earned rewards into staking.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The liquid staking platform Lido Finance has initiated a vote to launch the second version of its protocol on the Ethereum network.<\/p>\n","protected":false},"author":1,"featured_media":78719,"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":[1289,1387,1134],"class_list":["post-78718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-lido","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78718","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=78718"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78718\/revisions"}],"predecessor-version":[{"id":78720,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78718\/revisions\/78720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78719"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}