Ether staking withdrawal schedule removal faces harsh criticism

Ether staking withdrawal schedule removal faces harsh criticism

Days after Ethereum turns deflationary for the first time since shifting to proof-of-stake (PoS), critics have started to highlight the Ethereum Foundation’s removal of Ether (ETH) staking’s withdrawal schedule on social media. 

A crypto community member pointed out how Ethereum developers, leaders and influencers mentioned that ETH staking withdrawals might be opened six months after the Merge. After this, the estimated time for the unlock was moved to 6-12 months. Furthermore, the Twitter user highlighted that the schedule was revised into an estimated 2023 to 2024 before finally being removed entirely.

Another Twitter user fanned the flames, describing staked ETH as a non-redeemable crypto investment. The user highlighted that users invested based on a timeline and were given no due date. Others mirrored the sentiment by

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