What happens to a validator when it’s in the withdrawal queue?

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What happens to a validator when it’s in the withdrawal queue?

When withdrawal is enabled after Shanghai, what happens when a validator initiates withdrawal and gets in the withdrawal queue? More specifically, does it stop validating immediately after a withdrawal/exit request is initiated or does it have to be completely out of the queue and withdrawn to stop validating?

submitted by /u/ericla1014
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