Ethereum Staking Platform Lido Taps Layer 2 Networks Arbitrum, Optimism
For initial deployment to L2, Lido revealed going forward with wrapped, non-rebasing, wstETH. Crypto staking service provider, Lido, launched on Ethereum layer 2 networks Arbitrum Bridge and Optimism. Lido first revealed its plans to expand stETH across the growing layer 2 decentralized finance ecosystem in July this year. According to the official tweet, the expansion of wstETH, which is essentially a “wrapped” version of the staking coin stETH, will allow traders to stake tokens directly on the layer 2 networks. In an earlier proposal, Lido said that the rebasing nature of stETH, bridging it to other networks is difficult and hence, the wrapped version of stETH, namely wstETH was chosen.
Source
https://t.me/Kucoin_Coins_Token
