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Lido Integrates Chainlink CCIP to Support Cross-Chain Staking on Arbitrum, Base, and Optimism
2024-10-30 05:15:19
Odaily News Lido announced the integration of the Chainlink Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking on Ethereum L2 networks such as Arbitrum, Base, and Optimism. This integration will support Lido's direct staking function, allowing users to stake ETH from different blockchain networks and obtain wstETH. In addition to the staking integration, Lido will also use Chainlink's data feed to determine the redemption rate of wstETH on Ethereum. In addition, Lido will use Chainlink Automation to batch process cross-chain ETH transfers and enhance liquidity management. (CryptoSlate)