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Lido is now on Layer 2 Protocols Arbitrum and Optimism

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The Crypto Times - Latest and Crisp Crypto News

Ethereum liquid staking protocol Lido has publicizes growth to the layer 2 networks Arbitrum Bridge and Optimism. 

Lido customers can now bridge their staked ETH to L2 protocols on the click on of a button to learn from decrease gasoline charges and thrilling DeFi alternatives.

Phase 1 of Lidos’s L2 roll-out options direct wstETH bridging to Arbitrum One and Optimism, preserving the distinctive properties of stETH within the course of. Lido choosed wstETH for its ease of integration throughout varied DeFi companions.

You can wrap your stETH and bridge wstETH to Arbitrum One or to Optimism utilizing this hyperlink.

From October 7, Lido will distribute 150,000 LDO tokens as rewards for wstETH throughout all networks and behgain liquidity mining incentives for varied DeFi companions, together with beethoven, Balancer, Curve Finance, Kyber Network, and VelodromeFi, to construct wstETH liquidity.

Compiled by Coinbold

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