Coinbase will allow customers of its ETH staking program to unstake their assets 24 hours after ETH developers activate the Shapella fork on the Ethereum mainnet.

The exchange said that the protocol would control the waiting time for the payouts of ETH rewards, making the ETA of funds unpredictable. Withdrawal requests could take months to complete, it added.

ETH Developers Limit Withdrawals to Keep Network Secure

Validators must join an exit queue to withdraw funds. The churn limit controls the number of users exiting the network to avoid a mass exodus destabilizing the network.

Once validators exit the queue, they enter a withdrawal period that could last for weeks or months.

Ethereum developers impose a limit of 57,600 withdrawals per day. Validators wishing to withdraw all their staked funds will face a longer waiting period.

Ethereum developer Tim Beiko announced yesterday that the Shapella fork had taken place on the Goerli public testnet. Goerli is the last dress rehearsal before Shapella goes live on the main Ethereum network, enabling withdrawals of staked ETH. 

Goerli is a multi-purpose environment that client developers, application developers, and node operators can use to test changes before sending them to the main network.

The Shapella deployment, also known as Go to Source to See Full Article
Author: David Thomas

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