Hassan Maishera
On Thursday, the Lido Finance team announced via X that its wstETH is now live on the Starknet network. With this launch, users can now bridge their wstETH tokens to Starknet and access the network's growing DeFi ecosystem while benefiting from L2’s lower gas costs and faster transactions.
Starknet is a Layer 2 ZK-Rollup for Ethereum, powered by the STARK-proof system. Using STARK proofs, it processes transactions with reduced costs while benefiting from Ethereum's security.
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 up 4% in the last 24 hours, trading at $2.166 per coin.
