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TechFlow reports that Lido Finance has announced the launch of its wstETH bridge to Cosmos, enabling ETH staked on Lido to now be used as liquidity within the Cosmos ecosystem.
The wstETH Cosmos Bridge was developed collaboratively by Lido, Neutron, and Axelar. Both Axelar and Neutron have committed to allocating 1% of their respective token supplies to incentivize liquidity for major Cosmos DApps.
Lido Finance has announced the launch of its bridge supporting wstETH for Cosmos, enabling ETH staked on Lido to now be used as liquidity within the Cosmos ecosystem. The wstETH Cosmos Bridge was developed collaboratively by Lido, Neutron, and Axelar. Both Axelar and Neutron have committed to allocating 1% of their token supply to incentivize liquidity for major Cosmos DApps.
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