Ethereum’s liquid staking protocol Lido proclaims growth to Layer 2 Arbitrum Bridge and Optimism networks.
Lido customers can now bind their ETH protocols to L2 with the clicking of a button to learn from decrease fuel charges and thrilling DeFi alternatives.
Section 1 of the Lidos L2 launch encompasses a direct bridge of wstETH to Arbitrum One and Optimism, preserving the distinctive properties of stETH within the course of. Lido selected wstETH for its ease of integration between varied DeFi companions.
You possibly can wrap your stETH and join wstETH to Arbitrum One or Optimism utilizing this Hyperlink.
Beginning October 7, Lido will distribute 150,000 LDO tokens as a reward for wstETH throughout networks and can begin incentivizing liquidity mining for varied DeFi companions, together with Beethoven, Balancer, Curve Finance, Kyber Community, and VelodromeFi, to generate liquidity in wstETH.
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