Rumors emerged last week claiming the Ethereum Foundation is pushing back (or eliminating) its timeline for staked ETH withdrawals. But developers are determined to include that functionality in the upcoming Shanghai upgrade, cryptauxmargaux reports.
Validators began staking 32 ETH in the Beacon Chain prior to the Merge in order to participate in the block validation process: Part of the deal was that all that staked ether and any accrued rewards would remain locked up in the Beacon Chain smart contract until the next upgrade, which would happen at some point after the Merge.
Tim Beiko, lead protocol support at the Ethereum Foundation , told CoinDesk the original projection of “six to 12 months is the ‘historical average’ time between upgrades on Ethereum. I don’t see why this upgrade would take longer, but we’re not far enough in the process to talk about main net deployment dates.”
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