Lido Finance: Plans to expand to L2's Arbitrum and Optimism networks and launch wstETH
2022-08-16 18:54:29

Golden Finance reported that Lido Finance announced the L2 plan update, Lido's goal is to create a series of highly liquid pledged assets, and widely used in DeFi. L2 represents a clear path to achieving this at scale. While direct staking from L2 to ETH is the goal, it all starts with a seamless L2 token bridging. The first step in the L2 expansion is to link ETH collateral derivatives to Arbitrum and Optimism while retaining the properties of our earnings assets. Because of the ease of integration across L2 networks, the focus will be on wstETH (the immutable base version of stETH).