📍4/12 Ethereum Shanghai upgrade
▪️ Ethereum is about to complete the upgrade, and users are allowed to withdraw their ETH.
▪️ After the Shanghai upgrade, it may take several weeks to withdraw the pledged Ethereum, which may cause users to wait for several weeks to get their funds back.
▪️ In theory, it takes about five days to process all withdrawals, but demand will certainly extend the timeline.
▪️ At present, more than 18 million ETH has been staked and locked on 564,000 validators in Beacon Chain, and the annual rate of return for validators is 4.4%, providing interest-like returns.
▪️ Even if there is a large amount of ETH eager to withdraw, most of it may be re-staked so that holders continue to receive rewards.
