**Lido Integrates Chainlink’s Cross-Chain Interoperability Protocol for Seamless Staking**
Lido has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking across Ethereum layer-2 networks, including Arbitrum, Base, and Optimism. This integration powers Lido’s Direct Staking feature, allowing users to stake ETH from various blockchain networks and receive wrapped staked ETH (wstETH) in return.
**Enhancing Liquidity and Interoperability**
According to Jakov Buratović, Lido’s Master of DeFi, this new staking approach enhances liquidity and supports cross-chain interoperability across layer-2 networks. “This aligns with Lido’s mission to democratize staking by making liquid staking more accessible, while maintaining decentralization and advancing the broader DeFi ecosystem,” he stated.
**How it Works**
Previously, users had to exchange ETH for wstETH through third-party platforms or manually bridge ETH to the Ethereum mainnet. With the new integration, Lido’s Direct Staking, combined with Chainlink’s Programmable Token Transfer, streamlines this process into a single transaction. Users can now stake their ETH directly from Arbitrum, Base, or Optimism and receive wstETH without extra steps.
**Chainlink’s Role**
Lido will utilize Chainlink’s Data Feeds to determine wstETH’s redemption rate on Ethereum, providing reliable data for the exchange rate. Additionally, Lido will use Chainlink Automation to batch cross-chain ETH transfers, enhancing liquidity management. Chainlink’s decentralized oracle networks have safeguarded billions of dollars in assets and facilitated trillions in on-chain transactions.
**Benefits of the Integration**
The integration of Chainlink’s CCIP enables seamless cross-chain transactions, supporting not only token transfers but also includes token instructions. This integration complements existing processes without altering the core Lido protocol or wstETH deployment. The Direct Staking feature could expand to other layer-2 and alternative layer-1 networks, increasing accessibility.
**Quotes from Industry Leaders**
“LSTs have become an important part of the DeFi economy and making them more easily accessible across the multi-chain landscape through the use of CCIP will help grow the onchain economy,” said Johann Eid, Chainlink Labs’ Chief Business Officer.
**Conclusion**
The integration of Chainlink’s CCIP and Lido’s Direct Staking feature provides a streamlined and secure way for users to stake ETH across Ethereum layer-2 networks. This integration has the potential to increase accessibility and enhance the overall DeFi ecosystem.
**Keywords:** Lido, Chainlink, CCIP, Cross-Chain Interoperability Protocol, Ethereum, layer-2 networks, Arbitrum, Base, Optimism, staking, liquid staking tokens, DeFi.
**Meta Description:** Lido integrates Chainlink’s Cross-Chain Interoperability Protocol to enable seamless staking across Ethereum layer-2 networks, increasing accessibility and enhancing the DeFi ecosystem.
**Header Tags:**
* H1: Lido Integrates Chainlink’s Cross-Chain Interoperability Protocol for Seamless Staking
* H2: Enhancing Liquidity and Interoperability
* H2: How it Works
* H2: Chainlink’s Role
* H2: Benefits of the Integration
* H2: Quotes from Industry Leaders
* H2: Conclusion