Lido Finance, the largest Ethereum liquid staking platform, on Wednesday announced that Lido staked ETH (stETH) withdrawals will likely be delayed to May after the successful completion of all pending audits of Lido V2 codes.

Lido in a tweet on March 15 revealed an update on staked Ethereum withdrawals from the staking protocol. As Ethereum developers prepare for withdrawals with the Shanghai mainnet upgrade expected in early April, Lido is falling behind as it focuses on completing the V2 audits first.

Lido DAO contributors started testing Shapella (Shanghai and Capella) functionality for the Ethereum Goerli upgrade on the Zhejiang testnet on Friday. However, the time spent on undertaking audits has caused delays in readiness for the Goerli upgrade.