Starting from today, Lido Finance (LDO) allows to move Staked Ethers (stETH) to second-layer networks on the top of Ethereum (ETH), Optimism and Arbitrum.
stETH goes live on Optimism (OP) and Arbitrum
According to the official statement shared by Lido Finance (LDO) team, its platform starts supporting Ethereum (ETH) staking on second-layer networks.
Lido is now on L2 🏝️October 6, 2022
Bridge your staked ETH to Layer 2 protocols at the click of a button to benefit from lower gas fees and exciting DeFi opportunities.
Since October 7, 2022, Ethers staked in Lido Finance can be wrapped and bridged to Optimism (OP) and Arbitrum, two leading L2 solutions on Optimistic Rollups.
To ensure seamless staking on both L2s, Lido Finance engineers created and launched purpose-made decentralized bridges. This development will make ETH staking faster and way more efficiently than it was on Ethereum’s L1.
New opportunities for Lido Finance clients
To support the first users of new bridges, Lido Finance together with its partners unveiled a number of liquidity mining initiatives. 150,000 LDO tokens are allocated by Lido, Balancer, Velodrome, Curve and Kyber Network to support the new liquidity ecosystem.
Community program for wstETH kicks off on Oct.7 and will be active for one month. Lido Finance team announced that all stakers will enjoy lower gas fees and unmatched DeFi opportunities.
As per the statistics of DeFiLlama, multi-blockchain protocol Lido Finance is responsible for over $6,12 billion in assets locked.
Optimism (OP), Arbitrum nodes by GetBlock: Pushing the barriers of Ethereum scaling
GetBlock, a leading Blockchain-as-a-Service provider, added support for Optimism and Arbitrum in early 2022. As such, it is among the first API providers that started offering its clients seamless low-cost access to shared and dedicated nodes of major Ethereum’s L2s.