TechFlow news — Liquid staking protocol Lido has announced the deployment of wstETH on Polygon. This marks the third step in the "Lido on L2" expansion initiative, making Polygon the third Layer 2 network to support Lido's liquid staking derivatives for Ethereum, following Arbitrum and Optimism.
Users can now bridge wstETH to Polygon via Polygon's official cross-chain bridge. Additionally, wstETH has been integrated with several decentralized exchanges (DEXs) within the Polygon ecosystem, including Balancer, Kyber Network, and Beefy. Lido, Polygon, and Kyber Network will also offer liquidity incentives to promote the use of wstETH on Polygon.
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