Lido's Liquid Staking Solution Bridges to Unichain

Coin WorldMonday, Mar 3, 2025 11:02 am ET

1min read

Lido, a liquid staking solution for Ethereum, has announced that stETH and wstETH are now available on Unichain, a DeFi-native Ethereum Layer 2 blockchain developed by Uniswap Labs. This development allows users to bridge their stETH or wstETH to Unichain, with the related deployment achieved using the Lido protocol Multichain Automaton.

Lido's liquid staking solution enables users to earn staking rewards on their Ethereum without the need to maintain staking infrastructure. By bridging stETH and wstETH to Unichain, users can now access the benefits of liquid staking while also participating in the DeFi ecosystem on Unichain.

The integration of Lido's liquid staking solution with Unichain is a significant step towards the interoperability of DeFi platforms. It allows users to seamlessly move their assets between different blockchains, increasing the flexibility and accessibility of DeFi services.

Lido's Multichain Automaton, a key component of this integration, enables the automatic deployment of stETH and wstETH on Unichain. This automation simplifies the process for users, making it easier for them to participate in the DeFi ecosystem on Unichain.

The availability of stETH and wstETH on Unichain is expected to attract more users to the platform, further boosting the growth and development of the Unichain ecosystem. As the DeFi industry continues to evolve, the integration of liquid staking solutions with Layer 2 blockchains is likely to become more prevalent, driving innovation and adoption in the sector.

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