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LayerZero Labs has released a bridge for the wstETH token without approval from Lido DAO, leading to backlash from the Lido community. The bridge allows users to move wstETH to Avalanche, BNB Chain, and Scroll. Nine protocols, including Connext, Chainsafe, and Celer, have criticized LayerZero's wstETH token, labeling it a 'proprietary' standard that limits token issuer freedom. Meanwhile, Arbitrum Orbit is ready for mainnet deployment, allowing developers to create customized Orbit chains on the Arbitrum main network.
Weekly Project Updates: Arbitrum Orbit Readies Itself, dYdX Chain Mainnet Launches, Binance Launches 39th Phase of New Coin Mining Project: Memecoin, etc https://t.co/tzVjgPRPN8 https://t.co/gm9xhzMPXb
ICYMI: Bridging protocols express ‘concern’ over LayerZero’s wstETH token integration https://t.co/bTNOIrRQBr
Bridging protocols express 'concern' over LayerZero's wstETH token integration https://t.co/7JdgP4FbdS
Nine protocols including Connext, Chainsafe, and Celer have criticized LayerZero’s new 'wstETH' token, labeling it a 'proprietary' standard that limits token issuer freedom. https://t.co/sIB7TAR7SD
NEWS: Arbitrum Orbit is ready for mainnet with a full tech stack https://t.co/r2XSAoOLpn
So, @LayerZero_Labs @PrimordialAA deployed a wstETH bridge to drive as many users and potentially force the Lido DAO and stakers to accept their proposal? But isn´t the Lido protocol permissionless and immutable? At the end of the day men lie, women lie but code does not. @hasufl
Daily recap is live - LayerZero's stETH bridge controversy - Vodafone taps Chainlink - LUSD supply shrinks - Arbitrum Orbit is mainnet ready - MATIC to POL token migrations are live - Bloomberg's SBF documentary falls flat Read More https://t.co/qGpRk7FXRX https://t.co/U2onkXK6MC
LayerZero Hit With Hefty Backlash After ‘Frontrunning’ Lido Governance ► https://t.co/wUYpFPL95n https://t.co/wUYpFPL95n
💥The Lido community is pushing back against LayerZero rolling out cross-chain bridging for stETH without prior approval from LidoDAO. LayerZero said users can bridge stETH to Avalanche, BNB Chain, and Scroll. Read More 👇 https://t.co/u9kcBLL6jK https://t.co/W1DZjCJdh9
LayerZero Labs $ZRO introduced the ability to move LidoFinance $wstETH to 3 new blockchains #LayerZero has integrated $wstETH into its omnichain fungible token standard and will bridge it across four networks: $ETH, $AVAX, $BNB and Scroll! #Crypto #BTC #Bitcoin #Web3 https://t.co/uVJOUdrZHX
The @arbitrum Foundation Says said new "layer-3" networks created via the project's "Orbit" program can now settle to the Arbitrum main network @cryptauxmargaux reports $ARB $ETH https://t.co/ahChZInC0k
NEWS: LayerZero released its wstETH bridge without Lido DAO’s approval, triggering a backlash https://t.co/GpAtkwQbjR
Left some comments on the @LidoFinance forum about the LZ situation. Key points: 1. Lock-ins introduce systemic risks for wstETH and, by extension, Ethereum. 2. The most secure tech (e.g. shared sequencers) is still under development. 3. Users want to bridge - this market need… https://t.co/pDzhFBBVBx
BREAKING @arbitrum Orbit is ready for mainnet deployment🚀 Developers can create customized Orbit chains permissionlessly leveraging Arbitrum’s infrastructure and tooling. Read more: https://t.co/mcCyWVUJWE https://t.co/zUFPWmdHBv https://t.co/hudCijR1tN