Lido's wstETH goes to Linea

in Ethereum by Lido

Lido’s staked ETH is now available on Linea.

 

In collaboration with Lido DAO contributors and as part of its commitment to advancing the Ethereum ecosystem, staked ETH has now made its way to Linea. Linea opens new avenues for DeFi enthusiasts to leverage the benefits of wstETH within its thriving ecosystem.

 

➡️ To bridge your wstETH to Linea: bridge.linea.build

➡️ For tutorials & instructions: help.lido.fi/en/articles/8804728-bridging-wsteth-to-linea

 

What is Linea?

Linea stands as a leading zk-rollup on Ethereum, offering EVM equivalence, scalability, and reduced transaction costs while preserving Ethereum’s security guarantees through zero-knowledge proofs. Boasting consistent growth in Total Value Locked (TVL) and supported protocols, Linea has become a primary network in MetaMask and a key infrastructure provider for the Lido middleware solution.

 

Recognizing the pivotal role of stETH in the Ethereum ecosystem with a market capitalization of currently $23B and over 330,000 holders, Linea integrates wstETH to meet the growing demand within the Ethereum community. This move aims to provide enhanced user experiences, foster greater adoption, and increase the utility of wstETH on Linea.

 

Bridging to Linea

To bridge your wstETH to Linea, simply follow these four easy steps.

  1. Select Bridge: Visit Linea's website and choose between it's recommended MetaMask bridge and other third-party bridges.
  2. Connect your wallet: Once you have selected your bridge of choice, connect your wallet.
  3. Select wstETH: Choose the desired amount of wstETH to bridge to Linea.
  4. Approve and Confirm: Complete the bridging transaction, which typically takes about 15 minutes.

 

Following this bridging transaction, your wstETH will be available on Linea. In case of issues or questions, refer to the Linea bridging guide.

 

What’s Next?

The integration of Lido’s wstETH on Linea brings forth exciting opportunities for users within our ecosystem. In the coming weeks, Linea users can expect to explore wstETH across various applications, including collateral, lending, farming, indexing, and more.

 

This collaboration represents a significant stride towards unifying the Ethereum ecosystem, providing stability, and expanding the options available to users in the Layer 2 space.

 

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