Shanghai/Capella Upgrade

Represents a significant milestone in Ethereum’s development

Enables staked ETH withdrawals for the first time

Implications for the Ethereum staking ecosystem and DeFi

Reduces liquidity risk and increases confidence in liquid staking protocols

Increases portability of stake, driving innovation and lowering barriers to entry

Note: Each staker must select a values-aligned partner to preserve Ethereum’s values

Collective participation is essential for maintaining network security and decentralization

Expected to be a significant event for Ethereum

Successful implementation will strengthen the network’s position as a leading infrastructure layer