DeFi infrastructure trio, Lido, Chainlink, and LI.FI, have rolled out a single-click, cross-chain staking solution, allowing users to stake ETH on layer 2 networks and receive wrapped staked Ether (wstETH) immediately, streamlining a process that previously required several steps.
The integration uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for secure bridging, LI.FI for order routing and pricing, and Lido for staking infrastructure. Users can now convert ETH on networks like Arbitrum to wstETH on the same network in one transaction with one signature.
The problem this solves
Previously, users with ETH on a layer 2 network had to choose between costly DEX swaps or a slow, multi-step bridge, staking, and wrap process that could take days and offered no protection against errors.
The updated pipeline will handle everything in one seamless API call, according to the teams.
The solution removes complexity for users and developers. It is available on the LI.FI API and through platforms including Jumper Earn.
The integration is powered by best-in-class infrastructure. Lido holds roughly $19 billion in total value locked, Chainlink secures over $26 trillion in on-chain transactions, and LI.FI connects more than 60 blockchains.
Source: https://cryptobriefing.com/cross-chain-eth-staking-launch/
