Lido’s V2 Version Upgrade Proposal opens for Voting
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 …
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, a popular staking service provider, has recently opened its V2 version upgrade proposal for voting. The proposed upgrade will introduce support for Ethereum withdrawal and a pledge router, which will enhance the user experience and improve the staking process.
One of the significant improvements is the ability to conduct Ethereum withdrawals. Currently, users can only withdraw their staked assets by unstaking and waiting for a specific period. This process can be time-consuming and cumbersome, especially for users who need to convert their staked assets in a short period. With the new upgrade, users can now withdraw Ethereum directly, ensuring fast and efficient transactions.
Another crucial aspect of the proposed upgrade is the pledge router. The pledge router will allow users to pledge their staked assets to different pools, providing a more diversified investment option. This feature can lead to increased profits and a reduced risk of loss, as users can choose from a variety of pools with varying risk levels.
While Lido’s V2 version upgrade proposal is relatively new, it has already undergone scrutiny from several security agencies. These security audits are crucial in guaranteeing the safety and security of user assets in the Lido staking platform.
Once the proposal is approved, Lido will conduct a test on the Goerli test network from March 7 to 31. This testing phase will allow Lido to fine-tune and identify any issues that may arise during deployment. However, the deployment of the V2 version on the main network depends on two factors – the Ethereum Shapella upgrade time and the audit end time.
In conclusion, the proposed upgrade to Lido’s V2 version will significantly improve the staking process for users. The addition of Ethereum withdrawals and pledge router will provide more flexibility and a chance for users to earn more profits. With the ongoing security audits and testing phase, users can be confident that their assets are safe and secure.
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