Ongoing voting showed that the Lido community would most likely support the Ethereum Shanghai Upgrade. The protocol’s TVL growth has evidently surpassed others.

The call by Lido Finance [LDO] on its community to approve withdrawals on its Staking Router might have yielded the much-needed fruits.

According to the snapshot of voting, 100% of the liquid-staking protocol community member who had taken part in the process were in support of the proposal.

How much are 1,10,100 LDOs worth today?

A few days back, Lido proposed the V2 upgrade which could affect its off-chain and on-chain system. On 28 February, the voting process opened as the protocol would play a part in the fast-approaching Shanghai Upgrade on the Ethereum [ETH] blockchain.

Details from the snapshot showed that the voting process would last till 7 March. With the current momentum, there is a high chance that those opposed to the suggestion might have to settle with the agreement. Irrespective of the outcome Lido remains the largest staking protocol on Ethereum.

According to the Dune Analytics dashboard, investors who had taken the Lido staking APR offer had suppressed to low figures. Despite the fall, Lido still had a number as high as 129,224. The protocol had taken a 31.30% share of the total Ethereum staked.

With the incoming support, Lido, on 22 February, had explained how the Capella hard fork would affect its ecosystem. The Capella hard fork also known as the Shanghai Upgrade will allow validators who staked 32 ETH to withdraw their rewards.