Hassan Maishera
On Monday, the Lido Finance team announced via X that its staked Ether, wstETH, is now live on the Monad blockchain. Users can now bridge wstETH to Monad in just a few minutes for easy access to daily Ethereum staking rewards.
This deployment is made possible through Chainlink CCIP and is pending Lido Network Expansion Committee recognition following token bridge governance and operational adjustments.
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 up 0.40% in the last 24 hours, trading at $0.5952 per coin.
