Back to News

StakeWise’s $osETH Leverages Wormhole to Become Natively Multichain

Twitter icon  •  Published 7 महीने पहले on June 6, 2024  •  Hassan Maishera

The Wormhole team announced via X on Wednesday that StakeWis’s $osETH is now natively multichain and live on Arbitrum, leveraging Wormhole’s Native Token Transfers (NTT) framework.

StakeWise’s $osETH Leverages Wormhole to Become Natively Multichain

The Wormhole team announced via X on Wednesday that StakeWis’s $osETH is now natively multichain and live on Arbitrum, leveraging Wormhole’s Native Token Transfers (NTT) framework.

$osETH is a liquid staking token that is now accessible across the multichain ecosystem. Meanwhile, StakeWise is leading liquid staking protocols, enabling ETH staking for individuals and organizations. 

NTT allows osETH tokens to maintain inherent properties across chains, enhancing access to liquidity and enabling dynamic liquidity management across networks. Furthermore, the integration advances Liquid Staking Tokens (LSTs) native to Ethereum, to now be available on Arbitrum.

Wormhole is a decentralized bridge between blockchains that enables the transfer of assets and data across different blockchain networks. It aims to facilitate interoperability and expand the capabilities of blockchain technology. W is trading at $0.621, down by 3% in the last 24 hours. 

 

XRP Leads Market Rebound, BTC Tops $97k
Next article XRP Leads Market Rebound, BTC Tops $97k

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.