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Following a successful on-chain vote, Lido V2 is officially live on Ethereum mainnet. As the most important upgrade to the Lido protocol to date, Lido V2 significantly improves the Ethereum staking experience whilst pushing the Lido protocol further down the road towards increased protocol decentralization.
The Lido on Ethereum protocol upgrade allows Lido on Ethereum stakers to burn their stETH and exit the protocol at a 1:1 ratio, achieving a key milestone of an open on/off ramp into the Ethereum staking ecosystem.
“Lido V2 introduces two major components, with the most user-facing aspect being Ethereum withdrawals. This allows Ethereum stakers with Lido to directly unstake ETH through the protocol.”
https://cryptopotato.com/lido-launches-v2-and-releases-staked-ethereum-for-withdrawals/
