Lido contributors announce the launch of wstETH on the BNB Chain

2024-08-16 17:09:58

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ChainCatcher news, according to the official Lido blog, Lido contributors announced the launch of wstETH on the BNB Chain. 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 using the Native Token Transfer (NTT) framework between Ethereum and the BNB Chain. This interoperability was jointly developed by the Web3 interoperability networks Axelar and Wormhole, resulting in the creation of a standardized bridge.

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