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LSD protocols seem poised for even more popularity as the Shanghai upgrade nears.

While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido's team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.

Key Points: The Lido team put up ideas for how the protocol should handle ether withdrawals when Ethereum's forthcoming Shanghai upgrade has been turned on. The Lido team put forward its designs to the Lido DAO, the project's form of governance, via a post on the community's forum.

Bitcoin (CRYPTO: BTC) traded lower this morning, but the cryptocurrency prices remained above the key $22,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, falling below the key $1,600 mark on Wednesday.

The Lido team has submitted its design for withdrawals of ether on the protocol once the Ethereum Shanghai upgrade happens.

Over the last week, the Lido [LDO] protocol witnessed a surge in the number of staked deposits on its platform. According to a tweet on 24 January, the number of staked deposits on Lido increased, except that of Solana [SOL].

Lido DAO token (LDO) can't stop soaring as Ethereum liquid staking provider's total value locked reaches $8.2 billion

BNB has added over $100 since December 17.

Lido's market cap grew significantly over the last few days, according to recent data provided by Messari. The growth in market cap was attributed to the hype around the upcoming Shanghai Hardfork on Ethereum.

The crypto market came to life to end the week.

Users have deposited $7.8 billion into Lido to reap rewards for the protocol's community-led validator staking service, heating up the liquid staking derivatives space.

The Lido [LDO] protocol made massive improvements in its performance over the last few months. According to Lido's tweet on 17 January, the protocol observed growth in areas such as Total Value Locked (TVL) and Annual Percentage Rate (APR).

Rocket Pool, the third largest Ethereum liquid staking protocol by trade value locked (TVL), has joined forces with Coinbase Ventures. According to an announcement on Rocket Pool's discord channel, Coinbase Ventures will be joining Rocket Pool's Oracle DAO (oDAO).

Regarding the Ethereum Proof-of-Stake network, Lido has been a prominent “stake-holder” for stakers. Several sources indicate that the highest concentration of Ethereum staking pools is in Lido.

The Shanghai upgrade is fast approaching, and Ethereum whales can't keep calm. Lido finance total value locked (TVL) recently passed that of MakerDAO and today tops the market at $7.6 billion, accounting for 16.96% of the entire DeFi TVL.

Ethereum (ETH) primed to tap $1,700 after hitting a new ATH in 2023.

MetaMask, one of the world's most popular non-custodial staking wallets critical for DeFi and NFTs, has announced its support for Ethereum (ETH) staking.

On Friday, the Web3 wallet firm Metamask, a subsidiary of the Ethereum-centric company Consensys, announced the beta launch of ethereum staking features will be made available via Lido's or Rocketpool's liquid staking services.

To stake, or not to stake? That is the question, Ethereum holders.

Web 3's biggest wallet will now let users conveniently stake ETH with Lido or Rocket Pool.

Key Points: The MetaMask Product news comes just two months before an Ethereum upgrade that will allow users to withdraw their staked ETH.

The service lets users connect to Lido and Rocket Pool and stake ETH to receive liquid staking tokens directly from the staking providers. The post MetaMask Staking beta now live with Lido and Rocket Pool, ConsenSys Says appeared first on The Block.

Users will also be able to convert stETH and rETH back to ETH through MetaMask Swaps

The update comes two months before an Ethereum upgrade is expected to allow users to withdraw their staked ETH.