Ethereum developers have pushed back the highly-anticipated Shanghai hard fork by approximately two weeks.
Ethereum's highly-anticipated Shanghai hard fork has been delayed by around two weeks. The upgrade, originally set for late March, is now expected to be deployed sometime in the first two weeks of April, according to an announcement made during an Ethereum developer meeting on March 2. The hard fork will occur approximately two weeks after the Goerli testnet launch, which is scheduled for March 14. The Shanghai upgrade will allow the gradual withdrawal of Ethereum staked on the Beacon Chain, but ETH withdrawals will depend on the number of validators exiting at the time. Currently, over 17 million ETH, valued at around $28 billion, are staked on the Beacon Chain. Liquid staking platforms like Lido are expected to benefit from the Shanghai upgrade, as they offer more flexibility and yield opportunities on staked ETH.