Ethereum rewards worth over $2 billion will be liquid in first | CryptoExplorer ✪

Ethereum rewards worth over $2 billion will be liquid in first five days after Shapella
More than 1.1 million ether — worth $2 billion — in accrued validator rewards will be available to be claimed, according to on-chain estimates, following Ethereum's Shapella upgrade set to take place today. Shapella will finally allow users and validators to access their staked ETH, which has been inaccessible since Ethereum introduced its staking layer, the beacon chain, in December 2020. The upgrade will enable regular depositors, independent validators and those utilizing staking service providers to access rewards accumulated over the past two years. These rewards will be paid out in "partial withdrawals" representing 6% of the total 18 million ETH currently staked on the network. Two withdrawal options will be available through the Shapella upgrade: partial and full. Partial withdrawals will be distributed to validators automatically, maintaining their validator balance at 32 ETH. In contrast, full withdrawals involve closing the validator and recovering the entire staked balance. Read more