Lido's stETH & wstETH Now On Unichain
The Lido protocol's stETH and wstETH are now available on Unichain, a DeFi-native Ethereum Layer 2 blockchain built to enhance cross-chain liquidity. Developed by Uniswap Labs, Unichain takes advantage of Optimism’s OP Stack to deliver significant improvements in transaction speed and cost efficiency while maintaining Ethereum's security foundation.
The deployment on Unichain was implemented using the Lido protocol Multichain Automaton – a script that streamlines the deployment of stETH and wstETH bridges on OP Stack networks using the reference architecture.
➡️ To bridge your stETH or wstETH to Unichain: Superbridge
➡️ For tutorials & instructions: Guide: Bridging to Unichain
What is Unichain?
Developed by Uniswap Labs, Unichain is an EVM-compatible Layer 2 rollup built using Optimism's OP Stack and is a member of the Superchain ecosystem. It launched as a Stage 1 Rollup with a fully functioning permissionless fault proof system ensuring trustless security.
Unichain is specifically designed for DeFi and cross-chain liquidity, with plans to utilize Uniswap v4's potential for liquidity provision. The chain is supported by a robust DeFi ecosystem of 80+ protocols and features 1-second block times with plans for 250ms sub-blocks through Rollup Boost, reducing latency.
Bridging to Unichain
The Superbridge.app provides user interface to transfer stETH & wstETH between Ethereum and Unichain. Before using Superbridge ensure your wallet contains stETH or wstETH (wrapped stETH), then follow these steps:
- Access Superbridge: Navigate to Superbridge.app, a popular bridge UI for OP Stack Chains.
- Connect Your Wallet: Link your Ethereum wallet to the bridge UI and verify that you have enough ETH to cover gas fees.
- Select Your Networks: Choose Ethereum as the source chain and Unichain as the destination chain.
- Select Your Token: Choose stETH or wstETH from the list of available tokens in the dropdown menu, and choose the amount you wish to transfer to Unichain.
- Approve and Confirm: Review the transaction details, approve the interaction, and confirm the transfer in your wallet.
The bridging process typically takes only a few minutes to complete. You can track your transaction status on both Etherscan and Uniscan.
Bridging back from Unichain to Ethereum may take up to 7 days. This delay is a standard security feature of the OP Stack, serving as a challenge period before the transaction is finalized.
If you wish to unwrap wstETH into stETH or wrap stETH into wstETH, it can be done easily on the Unichain network using Lido’s wrap widget. This ensures a straightforward and efficient way for managing your tokens.