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Lido proposes V2 version upgrade with Ethereum support

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It is reported that Lido\’s proposal for V2 version upgrade has been opened for voting. The V2 version upgrade will include support for Ethereum withdrawal and …

Lido proposes V2 version upgrade with Ethereum support

It is reported that Lido’s proposal for V2 version upgrade has been opened for voting. The V2 version upgrade will include support for Ethereum withdrawal and pledge router. At present, many security agencies are auditing the code. If the proposal is approved, Lido plans to test it on the Goerli test network from March 7 to 31. The deployment of the V2 version on the main network depends on the Ethereum Shapella upgrade time and the audit end time.

Lido’s proposal for V2 version upgrade has been opened for voting

Interpretation of the news:


Lido, which is a liquid staking protocol, recently proposed a V2 version upgrade that is currently open for voting. This version upgrade aims to include support for Ethereum withdrawal and pledge router. The proposal is still under review, and security agencies are conducting code audits to ensure its viability.

If the proposal is approved, Lido plans to test the V2 version upgrade on the Goerli test network from March 7 to 31. However, the deployment of the V2 version upgrade on the main network still depends on the Ethereum Shapella upgrade time and the audit end time.

The significance of this upgrade lies in its inclusion of Ethereum support. This feature will allow users to withdraw their Ethereum tokens, which was not possible with the previous version of Lido. The introduction of a pledge router will also allow users to direct their staked tokens towards various yield-generating protocols, thereby creating more opportunities for users to earn rewards.

Despite its obvious benefits, Lido must first pass the scrutiny of various security agencies. These audits are necessary to ensure that the upgrade is robust and secure, and that there are no vulnerabilities that could be exploited. Once the audits are completed, Lido can begin testing the upgrade on the Goerli network to validate its functionality.

If everything goes according to plan, the main network deployment of the V2 version upgrade will occur after the audits and the Shapella upgrade. While the exact timeframe for these events remains uncertain, the proposal indicates that Lido is steadily working towards implementing this upgrade as soon as possible.

In conclusion, the proposed V2 version upgrade by Lido promises to bring exciting new features to the platform, notably Ethereum support and a pledge router. However, the proposal’s success will depend on the outcome of the ongoing code audits and the Ethereum network upgrade. If all goes well, Lido users can look forward to testing the upgraded platform soon.

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