Lido, Chainlink and LI.FI launch one-click cross-chain ETH staking
Summary
Lido, Chainlink, and LI.FI have collaborated to launch a streamlined process for staking ETH across different layer 2 networks. This new solution allows users to stake ETH and immediately receive wrapped staked Ether (wstETH) in a single transaction, eliminating the previously complex and time-consuming process of multiple steps involving DEX swaps or bridging. The integration leverages Chainlink’s CCIP for secure bridging, LI.FI for optimized order routing and pricing, and Lido’s established staking infrastructure. This simplifies the process for both users and developers, offering a seamless API call and is currently available through the LI.FI API and platforms like Jumper Earn. The combined infrastructure of these three companies—Lido with $19 billion TVL, Chainlink securing $26 trillion in transactions, and LI.FI connecting over 60 blockchains—powers this new capability.
(Source:Crypto Briefing)