Ethereum developers said the upcoming Shanghai upgrade, slated for March, would add functionality to withdraw staked ETH, according to Bloomberg News.

The confirmation brings welcome relief for stakers and vested parties, who, following ongoing speculation over indefinite token lock-in, now see the light at the end of the tunnel.

Since the Beacon Chain went live in November 2020, Ethereum deposited into the staking contract has amassed at a steady rate. Currently, 15.9 million ETH, valued at approximately $19.8 billion, have been deposited, representing 13.2% of the supply.

(By Samuel Wan)