Lido Finance (LDO) allows the transfer of staked ether (stETH) to a second layer network on top of Ethereum (ETH), Optimism and Arbitrum.
ETH goes live on Optimism (OP) and Arbitrum
Lido Finance team stated in an official statement that their platform will support Ethereum second-layer networks when stakes are supported. Users can wrap and bridge the L2 solutions Optimism and Arbitrum with Ethers held in Lido Finance starting October 7, 2022. Lido Finance implemented dedicated bridges for faster ETH staking across both L1s. This improvement means users won’t have to wait long to stake tokens without interference on Ethereum’s L2.
New opportunities for Lido Finance clients
Various companies partnered with Lido Finance to create a new support system for bridges. They provided 150,000 LDO tokens, allocated by Kyber Network, Curve and Balancer as well as Velodrome.
Lido Finance announced that all stETH holders will benefit from a lower gas fee in their community program starting October 7. They also claim that participants can take advantage of unique DeFi options not available anywhere else. DeFiLlama claims Lido Finance’s multi-blockchain protocol holds over $6,12 billion in assets locked.
Optimism (OP), Arbitrum nodes by GetBlock
Leading provider of Blockchain-as-a-Service, GetBlock, added support for Optimism and Arbitrum in early 2022. This makes GetBlock one of the first API providers to provide low-cost access to dedicated and shared nodes of major Ethereum L2s.
Optimism and Arbitrum nodes are available for JSON-RPC and WebSockets (WS) methods. The network’s dedicated nodes enable its customers to explore the disruptive power of Optimistic Rollups.
