After audits, Lido DAO stated that stETH withdrawals would begin on the mainnet.
The co debase for the platform is almost complete, and all significant patches have been integrated.
A market cap of more than $2.3 billion places Lido DAO token at position 29.
A liquid staking solution for Ethereum called Lido DAO provided a replacement on Monday about the withdrawal of stet staked on the protocol after the Shanghai improvement on the Ethereum blockchain.
The Lido DAO team announced on Twitter that stETH withdrawals would be live on the mainnet once all on-chain code audits were finished, which is anticipated around the end of April. Lido made it known that its goal was to be ready for its planned Ethereum 2.0 community improvement starting on Monday night. However, it stated that once the update goes live, node operators would need roughly 4 weeks to implement fully and examine validator exits.
The Lido DAO platform Is now undergoing seven Model 2 ( V2 ) audits, and the majority of its critical changes have been integrated into its software. On March 20, Lido DAO may also launch a four-week Goering test net, which will likely be crucial in determining any lingering issues.
The Lido DAO token recently outperformed popular blockchains like Polkadot (DOT) and Avalanche (AVAX), according to a top-ten ranking by a monitoring account on Twitter, by way of daily GitHub development activity. After a gain of more than 9.2% during the previous seven hours, the currency is currently trading at $2.75.
