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. Both the layer 2 scaling solutions for Ethereum maintained an upward trajectory in terms of transaction count and unique active wallets.
Source
https://t.me/DeFi_Ethereum
