April 22, 2025
Blockchain

Lido Finance team integrated L2 solutions from Arbitrum and Optimism

  • August 16, 2022
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Lido Finance developers have updated their plan to integrate their second tier solutions. The first step towards implementation was the addition of support for the Arbitrum and Optimism

Lido Finance developers have updated their plan to integrate their second tier solutions. The first step towards implementation was the addition of support for the Arbitrum and Optimism protocols.

The team stressed that staking derivatives will fully retain their properties. However, due to the peculiarities of the tokens’ architecture, the wrapped version of wstETH will be used instead of stETH in L2 solutions.

“Lido’s goal is to build a collection of highly liquid stock assets with broad application in DeFi. L2 solutions provide a clear path to achieve this ambitious goal. While the ultimate goal is to stake ETH directly from L2, it all starts with proper binding of tokens.”

The bridge contracts developed by the team for Optimism and Arbitrum have already been externally audited.

Lido Finance is the largest service for liquid staking of cryptocurrencies. The protocol allows you to deposit funds in a respective contract and receive in return the amount of “derivative” tokens that can be used in DeFi services.

Arbitrum and Optimism are the most popular second-tier solutions according to L2Beat. At the time of writing, their performance TVL $2.91 billion and $1.84 billion, respectively.

Recall that in July the Lido Finance team announced the launch of Ethereum 2.0 liquid staking service on L2 networks.

At the same time, the platform has integrated with Aztec and Argent. The first is a privacy-focused layer 2 network using ZK-Rollups technology, and the second is a crypto wallet provider using Matter Labs’ zkSync solution.

Source: Fork Log

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