On the first day of the Shanghai upgrade, ETH exceeded $2,000. The number of ETH waiting to be withdrawn before the deadline is 775,920, and the total pledged amount is 19,165,544. The withdrawal amount only accounts for 4%. The selling pressure is considered to be not large: However, the largest ETH pledge service agreement LidoFinance (accounting for nearly 75% of the liquid pledge amount), The function of redeeming ETH will not be enabled until May this year, which means that it will not be until May that ETH will face large-scale [staking rewards, potential selling pressure for cashing out].
How to withdraw Lido Finance’s stETH? Just make a [Withdrawal Request] (request) on the Lid0 V2 page, and then [Claim]!
When can Lido withdraw staked ETH?
The extraction function was launched on May 16, and the Lidov2 audit was performed by 9 audit institutions including lmmuneFi, Certoralnc, statemindio, hexensio, and 0xorio.
Do I have to cancel the pledge after Lido stETH Shanghai upgrade?
Lido officials stated that only those who want to unstake need to
If the user wants to continue staking and receive daily staking rewards, there is no need to withdraw
Lido stETH takes time to unstake
According to the extraction interface of Lido V2, you can choose to use the Lido protocol or other aggregator protocols directly when extracting ETH. If you use Lido, the waiting time for unstaking is about 1-2 days, and the exchange ratio is 1:1; if you use a third-party aggregator, the waiting time is 1-5 minutes, but there will be a slight exchange slippage. Therefore, if not If you are in a hurry, using Lido directly would be a better choice.
Will there be rewards during the LidostETH withdrawal request?
Won't. After submitting the request to unstake, the staking reward will not be calculated.
Lido stETH withdrawal request NFT?
After making a withdrawal request, each request will be an NFT. It will be minted automatically, and you need to actively join it in the wallet to monitor the progress of the request until it can be claimed.
After Lido stETH is unstaking, how to receive ETH?
After the withdrawal request is completed, go to the Claim screen to receive the pledged ETH and pledge rewards.
Can I withdraw in batches if I have a lot of Lido stETH?
Yes, you can select the required amount and apply for withdrawal in different installments.
Supplement: 0x00-type and 0x01-type
Currently, Ethereum validators may have two versions of withdrawal credentials, which are distinguished by the withdrawal prefix, namely: 0x00 type or 0x01 type. Only validators with 0x01 type credentials are eligible to withdraw part or all of their balances. This is due to technical differences between these withdrawal voucher types. That is, the 0x00 certificate is derived from the BLS public key, while the 0x01 certificate represents a standard Ethereum address. All Ethereum validators participating in Lido belong to the 0x01 type.
Is the claimable amount of Lido stETH different from the requested amount?
Lido officials stated that due to the punishment (English term: slashing) of verification nodes for improper behavior, the number that can be claimed may be affected, and the rewards may be reduced.
Lido stETH withdrawal fees
Lido will not charge for withdrawal requests, but gas fees will still be charged for on-chain transactions based on network congestion.
Lido stETH withdrawal extreme situation: Bunker mode
When a large amount of slashing occurs, it may affect the Lido finishing protocol. As a result, the overall fetch request will slow down.
However, under normal circumstances, the protocol is in Turbo mode. In this mode, the ETH in user deposits and rewards can quickly satisfy withdrawal requests, but the length of withdrawal cannot be determined. In the best case, withdrawal requests can be processed within hours
Want to pre-test Lido stETH withdrawals?
You can try it out on the Goerli version of the Ethereum test network officially provided by Lido.