Hassan Maishera
On Tuesday, the Lido Finance team announced via X that its stETH is now live on the Optimism blockchain. The integration allows users to benefit from direct, daily staking reward rebases and an unmatched bridging experience to access a number of new multichain benefits for stETH.
Lido’s stETH is a rebasable utility token representing users' share of ETH staked through Lido. Contrary to wstETH, stETH provides holders with direct ETH staking rewards reflected through a daily supply rebase, which sees a user’s supply of stETH increase as staking rewards come in.
Lido is a secure liquid staking solution for proof-of-stake (PoS) cryptocurrencies that supports Ethereum 2.0 (The Merge) staking and a growing ecosystem of other Layer 1 PoS blockchains. Its native LDO token is down 2.5% in the last 24 hours, trading at $1.135 per coin.
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic roll-up technology. OP is trading at $1.747, down 1% in the last 24 hours.
