Shanghai upgrade to include Ethereum unstaking

Shanghai upgrade to include Ethereum unstaking

Ethereum developers said the upcoming Shanghai upgrade, slated for March, would add functionality to withdraw staked ETH, according to Bloomberg News.
The confirmation brings welcome relief for stakers and vested parties, who, following ongoing speculation over indefinite token lock-in, now see the light at the end of the tunnel.
Since the Beacon Chain went live in November 2020, Ethereum deposited into the staking contract has amassed at a steady rate. Currently, 15.9 million ETH, valued at approximately $19.8 billion, have been deposited, representing 13.2% of the supply.
What now for Ethereum?
Data from Messari showed Ethereum has the lowest staking ratio of any major Proof-of-Stake (PoS) chain. The staking ratio of other significant PoS chains ranged between 46%, going as high as 90% for BNB.
Source: Messari.io
Twitter user @MStiive expects as March approaches “a radical increase” in staked Ethereum will occur, pushing the staking ratio higher and more in line with other chains

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