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

HomeCrypto News

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, an

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price of ETH on the open market; it will eventually be exchangeable 1:1 for ETH once the network allows stakes to be withdrawn.

www.coindesk.com