Lido Finance, one of the largest Ethereum (ETH) based liquid staking platforms, integrates the liquid staking protocol wstETH into layer-2.
Lido Finance 18 July Liquid staking protocol in a blog post dated wstETH at layer-2 announced their support. Officials say Ethereum 1 million available with over transaction and transaction request has reached its capacity expressed. Ethereum according to Lido successto her request and indirectly transaction fees (Gas Fee) significantly increased. Lido states that this is a situation in Ethereum networks. to scaling solution He also gave his views on the increase in demand.
ETH held by users without the need to connect to Ethereum Mainnet, Lido blog post directly That’s why they’re aiming to get staking from layer-2 in layer-2 networks derivative of stETH wstETH announced that they will integrate Purpose of integration according to explanations Reducing transaction fees on network and protocol.
wstETH, Lido’s It is a wrapped version of stETH. According to the information given, Lido is in the liquid staking integration to layer 2. for now it will only support wstETH. The company explains why it started with wstETH, that wstETH is technically interlayered. advantageous structure for transfer and with the general DeFi area prone to integration expressed as being.
Lido explains in their description that wstETH can be used in layer-2 networks, which is a privacy-focused layer-2 network. Aztec and a layer-2 crypto wallet provider using zkSync Argent announced that it has started integration with In addition, the company will many new collaborations He also announced that he would come.
The company reported that users with stETH can easily convert it to wstETH at stake.lido.fi/wrap.