Leading bridge aggregator protocol LI.FI has integrated Chainlink’s industry-standard oracle platform to support one-click, cross-chain staking for Lido’s wstETH.
WstETH (wrapped staked ETH) is a non-rebasing version of Lido’s staked ETH (stETH), which holds over $20 billion in TVL. Unlike stETH, wstETH locks its staking growth into the token’s price rather than its quantity, making it ideal for DeFi protocols that require a constant token balance.
As demand for wstETH grows across different blockchains, users need a simplified cross-chain experience that eliminates the friction of app-hopping, DEX slippage, and bridge wait times.
LI.FI, Lido, and Chainlink have now streamlined the entire sequence of cross-chain wstETH staking into a single click.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) leverages Chainlink’s industry-standard decentralized oracle infrastructure, which has enabled over $28 trillion in transaction value, to transfer digital assets with the highest level of cross-chain security. CCIP facilitates direct staking solutions that allow users to stake assets like ETH from layer-2 networks and receive a liquid staking token like wstETH directly on the same layer-2 in a single transaction.
Chainlink Automation, which automates critical onchain functions at regular time intervals or in response to external events, powers the FastStaking feature by continuously rebalancing pools. This enables atomic swapping of ETH for wstETH at the exact same rate as mainnet.
The integration between LI.FI, Chainlink, and Lido highlights an advanced level of DeFi composability protocols can achieve by building together instead of in silo. LI.FI has brought together Chainlink’s battle-tested cross-chain security and Lido’s deep liquid staking liquidity into a single API, now live on Jumper, MetaMask, Rabby, Phantom, and more.