{"id":78781,"date":"2023-05-16T10:04:45","date_gmt":"2023-05-16T07:04:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78781"},"modified":"2025-09-11T07:17:39","modified_gmt":"2025-09-11T04:17:39","slug":"lido-launches-ethereum-withdrawals-as-the-second-version-of-the-protocol-goes-live","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/lido-launches-ethereum-withdrawals-as-the-second-version-of-the-protocol-goes-live\/","title":{"rendered":"Lido launches Ethereum withdrawals as the second version of the protocol goes live"},"content":{"rendered":"<p>On May 15, the team behind the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-liquid-staking\">liquid staking<\/a> platform Lido Finance rolled out the second version of the protocol after a successful community vote.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Following a successful on-chain vote, Lido V2 is officially here.<a href=\"https:\/\/t.co\/36EmuagToD\">https:\/\/t.co\/36EmuagToD<\/a><\/p>\n<p>?\ufe0f <a href=\"https:\/\/t.co\/sl4kjNpUYw\">pic.twitter.com\/sl4kjNpUYw<\/a><\/p>\n<p>\u2014 Lido (@LidoFinance) <a href=\"https:\/\/twitter.com\/LidoFinance\/status\/1658195237280284678?ref_src=twsrc%5Etfw\">May 15, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The update received <a href=\"https:\/\/vote.lido.fi\/vote\/156\">100% support<\/a>.<\/p>\n<p>The key points of the protocol update leading to Lido v2 were:<\/p>\n<ul class=\"wp-block-list\">\n<li>the ability to withdraw from staking Ethereum by burning stETH 1:1;<\/li>\n<li>the launch of a Staking Router, designed to diversify the validator set and promote further decentralisation.<\/li>\n<\/ul>\n<p>A number of other changes, including updates to the Oracle smart contract and the off-chain PO, are aimed at supporting two new key options.<\/p>\n<p>Lido v2 underwent several security audits by Sigma Prime, ChainSecurity, Oxorio, Statemind, HEXENS, MixBytes() and Certora.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This Lido update has made the Ethereum protocol fully functional, enabling withdrawals from stETH into Ether, and opened up opportunities for experimentation and collaboration with the Staking Router architecture,&#8221; the developers said.<\/p>\n<\/blockquote>\n<p>According to the dashboard on <a href=\"https:\/\/dune.com\/hildobby\/eth2-staking\">Dune Analytics<\/a>, more than 20 million ETH are staked. Lido&#8217;s share stands at 31.3% with 6.3 million ETH.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"281\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-289-1024x281.png\" alt=\"image-289\" class=\"wp-image-206988\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image-289-1024x281.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image-289-300x82.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image-289-768x211.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image-289-1536x421.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/image-289.png 1634w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Dune Analytics.<\/figcaption><\/figure>\n<p>Ethereum developers opened the ability to withdraw assets from staking with the activation on April 13 <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-activates-shapella-hard-fork-on-mainnet\">hard fork Shapella<\/a>.<\/p>\n<p>Earlier in May, the Lido team <a href=\"https:\/\/forklog.com\/en\/news\/lido-to-enable-steth-redemptions-for-eth-after-v2-protocol-launch\">announced<\/a> the launch of the second version of the protocol following a three-day vote that <a href=\"https:\/\/forklog.com\/en\/news\/lido-launches-vote-on-deploying-the-second-version-of-its-protocol-on-ethereum\">started<\/a> on May 12.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 15, the team behind the liquid staking platform Lido Finance rolled out the second version of the protocol after a successful community vote.<\/p>\n","protected":false},"author":1,"featured_media":78782,"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-78781","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":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78781","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=78781"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78781\/revisions"}],"predecessor-version":[{"id":78783,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78781\/revisions\/78783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78782"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}