Sensei Radar #12: Shapella Upgrade on Mainnet, Lido on Polygon, Arbitrum Airdrop.

Key crypto event-detection thread for your consumption, every week.

Shapella upgrade was activated at the Goerli Testnet

  • 10:25 PM UTC on Mar. 14, 2023.

  • Epoch 162304.

The Shapella upgrade combines changes to the execution layer (Shanghai) and consensus layer (Capella). This is expected to be the last testnet upgrade before scheduling Shapella for the Ethereum mainnet.

Shapella Upgrade will be activated on the Ethereum Mainnet by April 12

Ethereum's core developers have confirmed that the next major upgrade for the platform will take place on April 12, following a successful update on the Goerli testnet.

The upgrade, dubbed Shanghai and Capella, or Shapella in short, will activate staked ETH withdrawals on Ethereum. It will allow validator node operators to realize rewards they have accumulated through Beacon Chain issuance and enable validators to fully exit from the network by unstaking their principal deposits of 32 ETH.

Lido Launches wstETH On Polygon

Lido, the top DeFi protocol in terms of total value locked, launched on the Polygon network.

Users can now bridge Lido’s Wrapped Staked Ether (wstETH) onto the Polygon network.

Liquid Staking Lido’s Ethereum-based stETH token is a liquid staking derivative (LSD), meaning the token represents a share of staked Ether and accrues corresponding staking rewards.

Wrapped stETH allows the token to easily be bridged between networks. Users deposit ETH with Lido. Lido then divides the Ether among its 29 node operators, who stake the ETH on behalf of the protocol’s users. Users are issued stETH tokens corresponding to the value of the Ether they stake. The stETH can then be utilized across the DeFi ecosystem.

The Arbitrum Foundation to launch $ARB token

The Arbitrum Foundation announces the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the launch of $ARB.

Why Token? The guiding mission when building Arbitrum has always been to securely scale Ethereum, and this security-first mindset is the guiding force behind decentralizing the chain as security and decentralization are closely intertwined. Building a secure and decentralized L2 requires removing any centralized points of chain control so that the chain can operate trustlessly.

Eligible users can claim their airdrop on March 23 (snapshot for eligibility taken on February 6).

After the airdrop, token holders can participate in voting on key decisions governing the Arbitrum network.

You can check your elegibility on their main website.

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