PANews reported on October 30 that according to Cryptoslate, Lido announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking between Ethereum Layer2 networks such as Arbitrum, Base and Optimism. This integration will support Lido's direct staking function, allowing users to stake ETH from different blockchain networks and obtain wstETH. At the time of release, the function supports staking through Arbitrum, Base and Optimism networks.
In addition to staking integration, Lido will also use Chainlink's data feed to determine the redemption rate of wstETH on Ethereum, providing reliable data for the exchange rate. In addition, Lido will use Chainlink Automation to batch process cross-chain ETH transfers, thereby enhancing liquidity management. Previously, Lido required users to exchange ETH for wstETH through a third-party platform or manually bridge ETH to the Ethereum mainnet.
