Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process

Ether withdrawals on Lido, the place customers can unstake their stETH and obtain ETH at a 1:1 ratio, may have two steps: request and declare, in response to Mariya Muzyko, product supervisor at Lido, throughout the name Tuesday afternoon. As soon as a consumer requests a withdrawal, they’ll obtain a Lido-issued NFT representing their withdrawal request. The consumer can then use the NFT to assert their ETH rewards. The NFT is burned after the consumer redeems and claims their ETH.