Lido V2 Upgrade: Withdrawals, Staking Router & More for DeFi

• Lido, a decentralized finance (DeFi) protocol, presented the proposal for Lido V2 upgrade which will bring in withdrawals and staking router.
• BANXA Holdings integrated with MetaMask to enable users to purchase crypto through Interac.
• Ramp announced off-ramp product to let businesses offer their customers a way to sell crypto. StarkWare partnered with Chainlink Labs as well.

Lido V2 Upgrade

Technical contributors to Lido, a decentralized finance (DeFi) protocol and a third-party staking pool operator for Ethereum (ETH) 2.0, today presented the proposal for Lido V2 – Lido protocol’s largest „upgrade to date and a step change on the road toward further decentralization,“ said the press release. The two major focal points of this upgrade are:

  • Staking Router: thanks to a new modular architectural design, anyone can develop on-ramps for new Node Operators, ranging from solo stakers, to decentralized autonomous organizations (DAOs) and Distributed Validator Technology (DVT) clusters.
  • Withdrawals: the upgrade will allow stETH holders to withdraw from Lido at a 1:1 ratio, „realizing a key milestone of a truly open on / off ramping into the Ethereum staking ecosystem,“ they said.

BANXA Holdings Integration with MetaMask

A Web3 on-and-off ramp solution BANXA Holdings announced an integration with major blockchain technology ConsenSys‘ self-custodial wallet MetaMask to simplify on-and-off ramping fiat to crypto, said a press release. On top of global users being able to purchase crypto via standard methods such as credit cards and Apple Pay, this partnership will now allow MetaMask users in Canada to purchase crypto through interbank network Interac, while MetaMask users in the Netherlands, Australia, South Africa, and Turkey will gain new access to Banxa’s crypto on-ramps through local banking infrastructure, it added.

Ramp Off Ramp Product

Financial technology company Ramp announced the global availability of off-ramp, a software product enabling businesses to offer their customers a way