Liquid-stacking platform Lido Finance announced the introduction of a second version of the protocol on May 15, following a three-day vote on a related proposal. Thanks to Lido V2, users will be able to return stETH for Ethereum.
At the initial stage, almost 270,000 ETH is available in the platform's storage, which allows for withdrawal requests without the need to disable validators. According to the developers, the upcoming update will be the most significant in the history of the protocol and is seen as a move towards decentralisation.
Moreover, as part of this upgrade, a stacking router will be released, which is a modular architecture that gives solo stackers and other market participants the opportunity to work as node operators.
Glassnode analysts had previously reminded the Lido Finance team of their promise to redistribute their rewards, which they received through bets.
In April, following the Shapella hardforge, the number of blockchain resources on the network exceeded $12.7 billion.
