According to Foresight News, liquidity staking project Lido Finance has selected Neutron and Axelar to launch its wrapped liquidity staking Ethereum (wstETH) on Cosmos. Over 30 Cosmos teams have expressed interest in integrating wstETH. In addition, both Neutron and Axelar have committed to allocating 1% of their respective network genesis supply for token incentives, establishing liquidity for wstETH through DeFi applications within the Cosmos ecosystem. Once wstETH is deployed on Cosmos and cross-chain governance is established, Axelar and Neutron are expected to transfer cross-chain deployment control to Lido DAO.