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Lido's Ethereum Upgrade Vote Aims for More Decentralization, Better Staking Access

Lido, the leading liquid staking platform, is set to implement its second iteration on the Ethereum blockchain, which is a significant moment for the DeFi community seeking greater decentralization and improved access to Ethereum's staking ecosystem. The upgrade, referred to as v2, will focus on ETH staking withdrawals and the introduction of a "Staking Router" to encourage more diverse node operators to participate. Lido is currently the largest liquid staking platform in the DeFi space, with $11.77 billion in total value locked across the Ethereum ecosystem. If the vote passes on May 15, Lido's smart contracts will upgrade and v2 will go live.

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