Lido’s stETH Token Expands to Layer 2 Networks Optimism and Arbitrum

Lido’s stETH Token Expands to Layer 2 Networks Optimism and Arbitrum

Users wishing to participate in staking without losing liquidity have turned to liquid staking solutions like Lido, which take their ETH, stake it, and give them a stETH token in return. This token tends to trade around the price of ETH on the open market; it will eventually be exchangeable 1:1 for ETH once the network allows stakes to be withdrawn.

Originally Posted on: https://www.coindesk.com/tech/2022/10/06/lidos-steth-token-expands-to-layer-2-networks-optimism-and-arbitrum/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Sam Kessler

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