Lido\’s proposal for V2 version upgrade has been opened for voting

It is reported that Lido’s proposal for V2 version upgrade has been opened for voting. The V2 version upgrade will include support for Ethereum withdrawal and pledge router. At present, many security agencies are auditing the code. If the proposal is approved, Lido plans to test it on the Goerli test network from March 7 to 31. The deployment of the V2 version on the main network depends on the Ethereum Shapella upgrade time and the audit end time.

Interpretation of this information:

The message above is an update regarding the development of Lido’s proposal for a V2 version upgrade. The proposal is currently open for voting, and if approved, it will include support for Ethereum withdrawal and pledge router. This means that users will be able to withdraw Ethereum from Lido as well as utilize pledge routing for staking their Ethereum.

However, before the proposal can be implemented, many security agencies are auditing the code to ensure its reliability and security. It is not mentioned in the message what specific security agencies are reviewing the code, but it can be assumed that they are experienced and reputable organizations. It is crucial to audit the code thoroughly to minimize any potential security breaches or failures that could harm users and their funds.

Assuming that the proposal is approved, Lido plans to test the V2 version upgrade on the Goerli test network from March 7 to 31. The Goerli test network is a test environment that simulates the Ethereum mainnet, enabling developers to test their applications and ensure that they will work on the actual network. By testing the upgrade on Goerli, Lido will be able to identify and resolve any issues before deploying the V2 version on the main network.

Additionally, the deployment of the V2 version on the main network is contingent on two factors: the Ethereum Shapella upgrade time and the audit end time. The Ethereum Shapella upgrade is a network upgrade that will introduce significant changes to the Ethereum network, such as reducing the time it takes to mine blocks and increasing transaction throughput. The upgrade is expected to occur in July 2021, meaning that Lido will need to wait until after the upgrade to deploy the V2 version.

Furthermore, the V2 version deployment is dependent on the audit end time, which is unknown. It is possible that the audit may take longer than expected, which will delay the deployment of the V2 version.

In summary, Lido’s proposal for a V2 version upgrade is undergoing significant scrutiny from security agencies, and its deployment is dependent on the Ethereum Shapella upgrade time and the audit end time. While the proposal could provide users with more functionality and flexibility, it’s important to ensure that security and reliability are not sacrificed. The timeframe for deployment is uncertain, but it is clear that Lido is taking all necessary precautions to ensure that its users’ funds remain secure.