ChainCatcher message, the Lido community has initiated a new proposal aimed at having the DAO consider adopting the cross-chain token standard xERC20 and using it for wstETH. The next step for this proposal is to hold discussions within the Lido community to clarify the standard and the implementation process (including the whitelisting process). If the community supports this proposal early on, the first temperature check will be proposed in January 2024.xERC20 is an open cross-chain standard (EIP 72816) that provides support for token issuers: managing bridges, setting minting limits, and allowing selected bridges to mint the same token.

ChainCatcher news, Layer2 interoperability protocol Connext has launched the token standard xERC20 (also known as ERC-7281) to reduce liquidity costs for token issuers and enhance the security of bridged tokens.It is reported that xERC20 (ERC7281) provides support for token issuers: managing bridges, setting minting limits, and allowing selected bridges to mint the same token.Connext stated that projects deploying xERC20s today through Connext will be fully compatible with the future finalized ERC-7281 specification, enabling 1:1 token transfers across chains. (Source link)