Ethereum Staking With Lido Finance: The Shanghai Catalyst

Jan. 10, 2023 5:21 PM ETEthereum USD (ETH-USD), LDO-USD3 Comments


  • Ethereum's core developers have foreshadowed March of this year for the "Shanghai upgrade."
  • The Shanghai upgrade will enable withdrawals of Ethereum that has been staked for rewards - an action that isn't currently possible.
  • ETH withdrawal could conceivably lead to more ETH supply coming into the market and sell pressure on the coin price.
  • I view this as unlikely as Ethereum's staking ratio is already low compared to other top PoS chains and Ethereum users have largely turned to liquid staking protocols already.
  • I do much more than just articles at BlockChain Reaction: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
Ethereum coin, padlock. Ethereum security. Digital cyber safety, Blockchain technology to encode online information.

Liliya Filakhtova

It has been about four months since the successful transition from proof-of-work to proof-of-stake on the Ethereum (ETH-USD) blockchain. The much anticipated catalyst turned out to be a "sell the news" event with ETH declining roughly 15% shortly following the completion of the

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This article was written by

Mike Fay profile picture
Decoding digital assets and cryptocurrency research for serious investors.

5 years as a media research analyst. Mainly covering crypto, metal, and media equities. I share deep dives on under the radar digital assets through my Seeking Alpha investor group BlockChain Reaction - my approach to crypto coverage leans far more fundamental than technical. I believe the overwhelming majority of crypto coins will go to zero. However, I think there are many that will actually perform very well long term. Those are the assets I aim to help other investors find. 

Outside of Seeking Alpha, I write the Heretic Speculator newsletter where I share additional thoughts on finance with more of a social backdrop.

Disclosure: I/we have a beneficial long position in the shares of ETH-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am not an investment advisor. I share what I do and why I do it.

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