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Lido Finance V2 Upgrade Completed, Celsius Attracts $780 Million StETH

With Lido Finance V2’s new withdrawal feature, users holding stETH (staked Ether) can redeem their ETH holdings at a 1:1 ratio.
Lido Finance, the liquid staking protocol on the Ethereum blockchain, has successfully completed the LDO V2 upgrade. With this, staked ETH has been unlocked.
Lido Finance has released version V2, an upgrade that allows the withdrawal of locked ETH. The upgrade was accepted by community vote and took place on May 15 also saw an increase in the LDO price within 48 hours. According to CoinMarketCap data, LDO is currently trading at $2.25.
With Lido Finance V2’s new withdrawal feature, users holding stETH (staked Ether) can redeem their ETH holdings at the 1:1 ratio. According to the latest data more than 6 million ETH worth approximately $12 billion have been staked on Ethereum network through Lido v2. As of May 15th, users started withdrawing their ETH, and the withdrawal period takes place within 1-4 days depending on the intensity.

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