How to Withdraw Lido stETH Q&A | Lido Withdrawals Officially Open, stETH Withdrawals Expected to Take 1-2 Days

On the first day of the Shanghai upgrade, ETH surged past $2,000. As of the deadline, the amount of ETH waiting to be withdrawn was 775,920, with a total staked amount of 19,165,544, and the withdrawal amount accounted for only 4%, indicating a relatively small selling pressure. However, the largest ETH staking service protocol, Lido Finance, represents nearly 75% of the total liquid staking amount. The redemption of ETH will not be available until May this year, which means ETH will face potential selling pressure from large-scale "staking reward" liquidation in May.

How can stETH from Lido Finance be withdrawn? Simply submit a "withdrawal request" on the Lid0 V2 page, followed by a "claim" to complete the process!

Update 5/16: Following the successful approval of the Lido V2 upgrade vote on 5/15, Lido V2 has gone live on 5/16. Get a full understanding of the Lido V2 upgrade details.

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When can I withdraw staked ETH from Lido?

The withdrawal feature was launched on 5/16, and the Lido v2 audit was conducted by 9 audit institutions including ImmuneFi, CertoraInc, statemindio, hexensio, and 0xorio. Execution.

Do I need to unstake Lido stETH after the Shanghai upgrade?

Lido officials stated that only those who wish to unstake need to do so.

If users wish to continue staking and receive daily staking rewards, they do not need to withdraw.

How long does it take to unstake Lido stETH?

According to the withdrawal interface of Lido V2, when withdrawing ETH, you can choose to use the Lido protocol directly or other aggregator protocols. If using Lido, the waiting time to unstake is about 1-2 days with a 1:1 exchange rate; if using a third-party aggregator, the waiting time is 1-5 minutes, but there may be a slight exchange slippage.

Therefore, if not in a rush, using Lido directly would be the better choice.

Are there rewards during the Lido stETH withdrawal request period?

No. Staking rewards are no longer calculated once the unstaking request is submitted.

Are there NFTs for Lido stETH withdrawal requests?

After submitting a withdrawal request, each request will be an NFT. It will be automatically minted, and you need to add it to your wallet to monitor the request progress until you can claim it.

How to claim ETH after unstaking Lido stETH?

Once the withdrawal request is completed, go to the Claim screen to claim the unstaked ETH and staking rewards.

Can I withdraw Lido stETH in batches if I have a large amount?

Yes, you can choose the quantity you need and submit multiple withdrawal requests.

Supplement: 0x00-type and 0x01-type

Currently, Ethereum validators may have two versions of withdrawal certificates, distinguished by a withdrawal prefix: 0x00 type or 0x01 type.

Only validators with 0x01 type certificates are eligible to partially or fully withdraw their balance. This is due to technical differences between these withdrawal certificate types. Specifically, 0x00 certificates are derived from BLS public keys, while 0x01 certificates represent standard Ethereum addresses.

All Ethereum validators participating in Lido belong to the 0x01 type.

Is the amount eligible for claiming Lido stETH different from the request?

Lido officials stated that improper behavior of validation nodes resulting in slashing may affect the amount eligible for claiming and could lead to reduced rewards.

Withdrawal fees for Lido stETH

Lido does not charge for withdrawal requests, but gas fees are incurred for on-chain transactions based on network congestion.

Extreme withdrawal scenario for Lido stETH: Bunker mode

In the event of significant slashing, the Lido consolidation protocol may be affected, resulting in slower overall withdrawal requests.

However, under normal circumstances, the protocol operates in Turbo mode. In this mode, the ETH in deposits and rewards can quickly fulfill withdrawal requests, but the exact withdrawal time cannot be guaranteed. In the best case, withdrawal requests can be processed within a few hours.

Want to test Lido stETH withdrawals in advance?

You can try it out on the Ethereum testnet Goerli version provided by Lido.