Lido Finance Integrates L2 Solutions

Staking service Lido Finance has added support for two second-tier solutions: Arbitrum One and Optimism.

According to the company, this will expand access to Ethereum staking while reducing gas fees.

Lido Finance first announced the integration of L2 networks in July and in August, the developers of the project updated the plan and said that Arbitrum and Optimism are their first targets.

Since October 7, they have provided users with the ability to connect the wrapped stETH token to both networks for liquid staking. This version of the asset will facilitate its use in various DeFi protocols.

Lido Finance has also announced 150,000 LDO per month as rewards for using wstETH on all networks.