Monday, March 10, 2025

Lido’s stETH and wstETH Now Available on Unichain for Enhanced DeFi Liquidity

Share

KEY TAKEAWAYS

  • Lido’s stETH and wstETH tokens are now available on Unichain, enhancing cross-chain liquidity for DeFi applications.
  • Unichain, developed by Uniswap Labs, uses Optimism’s OP Stack to improve transaction speed and cost efficiency while maintaining Ethereum’s security.
  • The Superbridge app facilitates the transfer of stETH and wstETH between Ethereum and Unichain, with a standard security delay for transactions back to Ethereum.

The Lido protocol’s stETH and wstETH tokens are now accessible on Unichain, a DeFi-focused Ethereum Layer 2 blockchain. This development aims to enhance cross-chain liquidity. Unichain, developed by Uniswap Labs, utilizes Optimism’s OP Stack to improve transaction speed and cost efficiency while maintaining Ethereum’s security.

The deployment on Unichain was facilitated using the Lido protocol Multichain Automaton. This script simplifies the deployment of stETH and wstETH bridges on OP Stack networks by employing a reference architecture.

Unichain: A DeFi-Centric Layer 2 Solution

Unichain is an EVM-compatible Layer 2 rollup built using Optimism’s OP Stack. It is part of the Superchain ecosystem and launched as a Stage 1 Rollup. The platform features a fully functioning permissionless fault-proof system that ensures trustless security.

Specifically designed for DeFi and cross-chain liquidity, Unichain plans to leverage Uniswap v4’s capabilities for liquidity provision. The chain supports a robust DeFi ecosystem with over 80 protocols and features 1-second block times. Future plans include implementing 250ms sub-blocks through Rollup Boost to further reduce latency.

Bridging stETH and wstETH to Unichain

The Superbridge app provides a user interface for transferring stETH and wstETH between Ethereum and Unichain. Users must ensure their wallets contain stETH or wstETH before proceeding. The bridging process typically completes in a few minutes, with transaction status trackable on both Etherscan and Uniscan.

Bridging back from Unichain to Ethereum may take up to seven days. This delay is a standard security feature of the OP Stack, serving as a challenge period before finalizing the transaction. Additionally, users can unwrap wstETH into stETH or wrap stETH into wstETH on the Unichain network using Lido’s wrap widget, ensuring efficient token management.

For more information, visit the official announcement here.

The Lido protocol’s stETH and wstETH tokens are now accessible on Unichain, a DeFi-focused Ethereum Layer 2 blockchain, aiming to enhance cross-chain liquidity and improve transaction efficiency.

In March 2025, DeFi Layer-2 solutions continue to dominate the crypto landscape, driven by their ability to enhance scalability and reduce transaction costs. This is evident in Lido’s deployment of stETH and wstETH on Unichain, which utilizes Optimism’s OP Stack to improve transaction speed and cost efficiency. Glassnode

Lido Finance has been actively expanding its stETH integration across Ethereum Layer 2 networks, such as Optimism and Arbitrum, to reduce gas fees and increase access to DeFi applications for Ethereum stakers. This aligns with the recent integration of stETH and wstETH on Unichain, enhancing DeFi accessibility and liquidity. Blockworks


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

Read more

Related Articles