Voting has begun on the implementation of the II protocol update on Ethereum

The platform with liquid staking Lido Finance has launched a vote among users. It is aimed at the II modification of the protocol in the Ethereum crypto network.

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According to the developers, the implementation of the v2 update will be the most important from the end of 2020.

The team noted that the v2 update of the Lido will help repay stETH for Ethereum. At the same time, the site will have more than 270 thousand ETH coins. This will make it possible to close withdrawal requests. At the same time, there will not be a long process when validators will exit the crypto network.

According to DeFi Llama, today there are more than $12 billion in cryptocurrencies on the site that have been blocked. During integration, a staking router will be launched, making validators more diverse.

The developers note that the integration of the asset withdrawal system together with the staking router will help to further decentralize the network. At the same time, the work of the protocol will be more efficient. Users will be able to withdraw funds, which will strengthen stETH and make it the most useful asset on the network. The results of the voting will be known soon.

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