Coinbase warns that the waiting period for receiving unstaked ETH could be months
Join Our Telegram channel to stay up to date on breaking news coverage Ethereum developers are preparing to activate the Shapella fork on the project’s mainnet, which has caused some concern among participants of the ETH staking program offered by Coinbase. The exchange stated that customers would be able to unstake their assets as soon as 24 hours after the fork gets activated. However, the exchange also added that the waiting time for the payouts would be entirely controlled by the protocol. As a result, the ETA of funds would be very unpredictable. According to the exchange, withdrawal requests might even take months to complete. The withdrawals could take months, warns Coinbase The exchange explained that validators would have to join an exit queue in order to withdraw their funds. However, the number of users exiting the network is controlled by the churn limit. This system was set in place in order to prevent a mass exodus and thus prevent users from suddenly desta...