Lido Finance has introduced direct Ethereum staking on the Linea Layer 2 network through Chainlink's Cross-Chain Interoperability Protocol (CCIP). This integration enables users to stake ETH and receive wrapped staked ETH (wstETH) in a single transaction, eliminating the need for asset bridging. The new feature promises reduced gas costs and faster transaction execution. Linea currently holds over $1.9 billion in total value locked (TVL), highlighting its growing significance in the DeFi space.
Lido Finance Launches Direct ETH Staking on Linea via Chainlink CCIP
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