in Arbitrum, Ethereum, layer-2, Lido, Optimism, staking, stETH

Lido launches layer-2 Ethereum staking and LDO rewards

by Repost Admin October 7, 2022, 5:01 am 1000 Views

Lido has around 40% of all the staked ETH on the Beacon Chain.

One of the biggest Merge staking providers, Lido Finance has launched on two layer-2 networks Arbitrum and Optimism, a move it says further improves accessibility to Ethereum staking while reducing gas fees.

The plan to expand to L2 was first unveiled in July when the team acknowledged that several layer-2 networks had “demonstrated economic activity,” with the new deployment to L2 networks Arbitrum and Optimism launched on Oct. 7.

Lido provides liquid staking, which allows more flexibility for stakers as they can withdraw their funds at any time as opposed to staking Ethereum directly and having it loc