- The option will open after the launch of Lido V2
- The team will announce this on May 15
- Lido will also offer a quick withdrawal in 3 days
The most famous staking platform Lido has announced that the Lido V2 version will go live after the end of voting. It starts on Friday May 12th.
If there are no “surprises” and the majority of votes is “for”, then the voting will end on Monday, May 15th. After that, the V2 protocol will be launched.
Recall that this version unlocks the direct output of stETH:ETH in the protocol. It will also offer a new architecture and staking modules.
The provider will offer access to 270,000 ETH in their vault. This will allow initial withdrawal requests to be completed without a lengthy exit process from the validator.
In practice, this means that withdrawal requests will be processed within 3 days.
For comparison, on some sites you need to wait in line for withdrawal from 2 weeks or longer.
Lido was reminded that this scheme will work if the voters approve it.
Lido is the largest ETH liquid staking protocol. Its total value locked (TVL) is $11.2 billion.
We wrote more about the new version of the V2 protocol here.