Lido, a leading liquid staking platform, has launched its V2 upgrade on the mainnet, which includes two major components. The most user-facing aspect of the upgrade is the ability for Ethereum stakers with Lido to directly unstake ETH through the protocol. Lido now has a withdrawals page where users can deposit their stETH tokens to receive ETH in return.

The upgrade also allows for a more efficient use of Lido's staked ETH throughout the Ethereum DeFi ecosystem. The token unlocks dashboard is projecting a spike in withdrawals, estimating that almost 7,000 ETH worth around $12.6 million will be withdrawn over the next eleven hours.