Ethereum developers aim for April 12 for the Shanghai hard fork, which would complete the network's transition to proof-of-stake, delayed from March 2023
The timing matters because it lands on a weak market: ether is down more than 21% over the past week, so the unlock arrives into falling prices rather than euphoria.
First-order effects
Validators and stakers who have been unable to exit since the Merge regain withdrawal rights, converting an illiquid position into one they can unwind after April 12.
Second-order effects
An unlock into a market where ether has already dropped 21% in a week raises near-term selling pressure, especially for stakers who entered to capture yield they could not yet access.
Liquid-staking and staking-service providers now compete on how quickly and cheaply they let users exit, making withdrawal speed a differentiator rather than a promise.
Third-order effects
If Shanghai ships close to target, it closes the loop on the Merge-era bet that Ethereum's roadmap slips but eventually lands — reinforcing confidence in the remaining upgrade queue even as network metrics like daily ether burned hit all-time lows around March 22.
The precedent of a hard deadline for unlocking a large share of the asset's supply becomes a template other proof-of-stake networks will be measured against when their own lockups mature.
The trend: Ethereum's upgrade cadence — repeatedly delayed targets that eventually ship — is moving the network from transition mode into one judged on usage and revenue rather than roadmap promises.
EthStaker will host the livestream to watch the Shapella fork happen. Live 30 minutes before the fork with commentary from @ethereum researchers, client devs, cat herders, LSD providers, etc. Comin for u, withdr🦉s Hope you Europeans are night owls 🦉 https://youtube.com/... https:…
@cryptomaxi420
@cryptomaxi420 on x
Isn't it beautiful how under PoS, we can choose the exact time for upgrades, unlike PoW where there's always uncertainty? As Alfred North Whitehead once said, “Civilization advances by extending the number of operations we can perform without thinking about them.” https://twitter…
@benchodroff
Benjamin Chodroff on x
Ethereum #Capella has a date! 2023/04/12. Ensure your @EthCLWP Kleros new validator submissions are done before 2023/03/22. Anything not registered by 2023/03/29 won't be added to the CLWP GitHub list. Don't use CLWP unless you need it. Use @beaconcha_in broadcast tool instead. h…
@rktcapital9
@rktcapital9 on x
ETH withdrawals open on 12th April 🔥🔥 https://twitter.com/...
@swellnetworkio
@swellnetworkio on x
We have a date for Shanghai/Capella! Get ready for a new era of DeFi powered by Liquid Staking🌊 https://twitter.com/...
@doubletop_io
@doubletop_io on x
More exciting news. Ethereum's Shanghai upgrade (more accurately called “Shapella") has an official target date. Developers agreed it will be April 12 (still to be confirmed on GitHub) for the long-awaited upgrade that will enable staked ETH withdrawals. https://www.coindesk.com/…
@ralexstokes
Stokes on x
mainnet shapella slot and date/time this is the one that enables withdrawals for eth staking https://twitter.com/...
@sassal0x
@sassal0x on x
Babe wake up staking withdrawals are coming https://twitter.com/...
@kamikaz_eth
@kamikaz_eth on x
Mark your calendars Shanghai set for April 12 ETH's beautiful and tragic swan dive to ZERO https://twitter.com/...
@wublockchain
Wu Blockchain on x
Ethereum developers set a target date of April 12 for its long-awaited Shanghai hard fork that will enable staked ETH withdrawals during the All Core Developers Execution Layer 157 call Thursday. CoinDesk https://t.co/9v6BlGc1ze
@riddle245
@riddle245 on x
Looks like Shanghai coming April 12th so wonder if we see any nerves on Eth price before then https://www.coindesk.com/...