PANews reported on October 30 that Lido announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking between Ethereum Layer 2 networks such as Arbitrum, Base, and Optimism. This integration will support Lido's direct staking functionality, allowing users to stake ETH from different blockchain networks and receive wstETH. At launch, the feature supports staking via the Arbitrum, Base, and Optimism networks.
In addition to staking integration, Lido will also utilize Chainlink's data feeds to determine the redemption rate of wstETH on Ethereum, providing reliable data for the exchange rate. Furthermore, Lido will use Chainlink Automation to batch process cross-chain ETH transfers, enhancing liquidity management. Previously, Lido required users to exchange ETH for wstETH through third-party platforms or manually bridge ETH to the Ethereum mainnet.
