Platform liquid staking Lido Finance plans to open stETH redemption for the “original” cryptocurrency in mid-May 2023.
In addition to this, stETH withdrawals won’t launch on mainnet until all audits concerning on-chain code are completed (expected end of April).
Adding another 2 weeks as a safety margin, the current expectation is for mainnet withdrawals to be live around mid May.
— Lido (@LidoFinance) March 14, 2023
The Ethereum team has scheduled the mainnet activation of Shapella around mid-April. After the hard fork, validators will be able to withdraw ETH from staking.
The developers of Lido announced that the launch of the updated protocol on the Goerli testnet is scheduled for March 20. They estimate that it will take up to 4 weeks for node operators to fully implement and test the withdrawal feature.
The company is currently conducting seven audits of the network, for which a total of $1.2 million has been spent.
Security is always the priority. It’s a fundamental part of Lido’s DNA and mission.
$1.2 million has been spent on 7 V2 audits, the results of which will be made publicly available upon completion.
So far they’ve uncovered several findings that have required swift attention.
— Lido (@LidoFinance) March 14, 2023
“Safety is our top priority. It is a fundamental part of the Lido genome and mission. […] At the moment, we have discovered several problems that required immediate attention, ”said representatives of the platform.
As of March 10, all bugs have been fixed and updated contracts have been deployed to the Zhejiang testnet.
Recall that at the end of February, Lido recorded a record daily inflow of deposits of 150,000 ETH.
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