According to Foresight News, Lido contributors have introduced wstETH on the BNB Chain. Users can now transfer wstETH to the BNB Chain using a cross-chain bridge.
This expansion marks Lido's first secure integration with a Layer-1 blockchain outside of the Ethereum ecosystem. With the integration of wstETH, it is now possible to transfer assets between Ethereum and BNB Chain using the Native Token Transfer (NTT) framework.
This significant milestone in interoperability was developed through a collaborative effort by Axelar and Wormhole. It enhances the seamless transfer of staked ETH between these major blockchain ecosystems, unlocking new liquidity and boosting DeFi opportunities across multiple ecosystems.
