Hassan Maishera
Chainlink announced via X on Wednesday that Lido has expanded direct staking to Linea, a leading Ethereum layer-2 with over $1.9 billion in TVL, powered by the Chainlink interoperability standard.
Built using the Chainlink interoperability standard, Chainlink’s Cross-Chain Interoperability Protocol (CCIP), Direct Staking on Linea allows users to stake ETH directly from the Linea network and receive wrapped staked ETH (wstETH) without needing to manually bridge assets to and from the Ethereum mainnet.
Two key approaches to staking are now supported on Linea:
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Liquidity Pool-Based Staking: Users stake ETH on Linea and immediately receive wstETH from a liquidity pool, using an exchange rate verified by Chainlink Data Feeds. In parallel, the ETH is sent cross-chain to the Ethereum mainnet, staked via Lido, and wstETH is bridged back to Linea to replenish the pool.
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On-Demand Staking: Users stake ETH on Linea. That ETH, along with cross-chain instructions, is transmitted via Chainlink CCIP to the Ethereum mainnet. A smart contract on Ethereum stakes the ETH via Lido, mints wstETH, and sends it back to the user’s Linea wallet.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 2.55% over the past 24 hours and is trading at $17.28 at press time.
Lido is a secure liquid staking solution for proof-of-stake (PoS) cryptocurrencies that supports Ethereum 2.0 (The Merge) staking and a growing ecosystem of other Layer 1 PoS blockchains. Its native LDO token is down 3% in the last 24 hours, trading at $0.8709 per coin.
