Etheric developers delayed the much-anticipated Shanghai hard fork project by about two weeks.

Originally expected in late March, the Shanghai upgrade is now likely to be deployed within the first two weeks of April. The delay was announced at an etheric developer conference on March 2.

During the meeting, the core developers reached a consensus that the hard fork would appear about two weeks after the release of the Golly test network. The Golly Test Network is scheduled to be launched on March 14. The Golly test network will be the last dress rehearsal before the Shanghai hard fork is rolled out on the main network.

Tim Beko, Etherum core developer and project coordinator, said: "for large networks, we usually want to give people at least two weeks after the announcement," then added, "imagine that Goerli happened on the 14th, everything went well, and on the 16th, we agreed to push the large network-I want to put us in the first week of April at the earliest."

Beike pointed out on Twitter on March 2 that it did not explicitly agree on a date for the mainframe, but that they would set a date at the next developer meeting on March 16, provided that Golly goes well.

The upgrade of Shanghai Capella (also known as Shapella) to Goerli will be the last chance for Ethernet customers and betting providers to ensure that Shanghai hard fork can pass smoothly when the main network is launched.

The long-awaited upgrade of the Shanghai mainframe will allow the ethernet bet on the beacon chain to be phased out.

In order to maintain network stability and security, ETH divestment will be dynamic and will depend on how many verifiers exit at that time. The validator must go through a process that includes two stages: the exit queue and the exit period, so it will occur gradually over time.

There are currently 17.1 million ETH bets on the Beacon chain, accounting for just over 14 per cent of the total supply. At current asset prices, it is valued at about $28 billion.

In addition, Shanghai is also seen as bullish on liquidity betting suppliers. Pile ETH is currently locked in the beacon chain, as it has been since the launch of the etheric consensus layer in December 2020.

Liquidity betting platforms such as Lido provide greater flexibility and better return opportunities for betting ETH, so there is likely to be a flood of collateral in Shanghai in the coming months.