Lido on Mode Network

Lido -

wstETH is now live on Mode - the DeFi Hub for the Superchain.

 

Lido’s wstETH is now available on Mode Network! Mode is a DeFi-focused L2 network built for the Optimism Superchain, designed to support and scale novel on-chain financial applications.

 

➡️ Send your wstETH to Mode using Superbridge to explore countless unique DeFi opportunities.  

➡️ For tutorials & instructions: Bridging wstETH To Mode

 

What is Mode?

Mode is an L2 solution built on the OP stack built to advance the Optimism Superchain DeFi ecosystem. As a network optimised for DeFi, Mode is designed to empower both developers and users through an integrated and easy-to-use environment with novel applications and opportunities for users.

 

The Mode Network has a thriving DeFi ecosystem including DeFi, gaming and more. Check out the full Mode ecosystem here. 

 

Bridging to Mode

The Mode bridging process is simple and transferring your wstETH to Mode can be done in a matter of minutes.

 

Before bridging, make sure that you are using Lido's wrapped staked ETH (wstETH). To wrap your ETH or stETH into wstETH, head to stake.lido.fi/wrap.

  1. Visit superbridge.app/mode and connect your wallet.
  2. Select wstETH from the dropdown and choose the amount to deposit.
  3. Approve the Mode Bridge to interact with your wstETH tokens if asked. This will require a small gas fee to confirm the approval.
  4. Review the bridging info and sign the Deposit transaction. You can check the transaction status in the Activity page.

 

 

The bridging process will take a few minutes, and you can keep track of the transaction on the Superbridge Activity page. 

 

For more information on the bridging process, check out the following guide: Bridging wstETH To Mode.

 

Bridging to Mode - Frequently Asked Questions

What is wstETH?

wstETH (wrapped stETH) is a non-rebasing version of Lido's stETH where your balance remains constant and network rewards accrue in the form of increased wstETH price (unlike stETH, where your balance increases on a daily basis).

 

How do I get wstETH?

To get wstETH, you can wrap your stETH or ETH on stake.lido.fi/wrap.

 

Are there any bridging fees?

Network fees in ETH are required to pay for the gas costs on Ethereum and Mode. There are no extra fees specifically for using Superbridge.

 

How long does it take to bridge?

Depositing to Mode typically takes a few minutes. Withdrawing from Mode to Ethereum takes approximately 7 days due to a security feature designed to help secure Mode.

 

How do I bridge back to Ethereum?

Bridging back to Ethereum requires 3 steps and takes about 7 days after the verification.

 

Can I cancel the action of bridging back to Ethereum?

No, it is not possible to cancel it after you have submitted the bridging request.

 

Why does it take 7 days to withdraw?

The 7 day duration for withdrawals is established as a security measure within the OP Stack and serves as a challenge period.

 

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