KuCoin Earn Will Launch the Staking Withdrawal Function for ETH 2.0
03/27/2023, 18:20:33
Dear KuCoin Users,
In order to bring a better experience to our users, KuCoin Earn will be launching the staking withdrawal function for ETH in 7 days after the Ethereum Shanghai/Capella upgrades. Users who have participated in the ETH 2.0 Staking will be able to redeem ETH2 to ETH on a 1:1 ratio at the ETH 2.0 Staking page after the function has been launched.
We will announce the details in future announcements after the Shanghai/Capella upgrades.
Related activity：
After the upgrade, users can unstake their ETH, potentially increasing the staking motivation for ETH that could lead to a higher TVL on ETH & Layer2. This will cause relevant coins like LSD (Liquid Staking Derivatives), ETH, and Layer2 to rise in value.
Risk Warning: Staking is a risk investment channel. Investors should be sensible in their participation and be aware of investment risks. The KuCoin Group is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice. The KuCoin Group reserves the right to the final interpretation of the activity.
Thank you for your support!
The KuCoin Earn Team
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