The Telos Foundation has unveiled a bridge solution for transferring assets and data across LayerZero-supported blockchains. LayerZero has introduced an omnichain token to move Lido's wstETH across Avalanche, BNB Chain, and Scroll. However, LayerZero released its wstETH bridge without Lido DAO's approval, triggering a backlash. LayerZero Labs has integrated wstETH into its omnichain fungible token standard and will bridge it across four networks: ETH, AVAX, BNB, and Scroll. Bridging protocols have expressed concern over LayerZero's wstETH token integration.
ICYMI: Bridging protocols express ‘concern’ over LayerZero’s wstETH token integration https://t.co/bTNOIrRQBr
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
NEWS: LayerZero released its wstETH bridge without Lido DAO’s approval, triggering a backlash https://t.co/GpAtkwQbjR
LayerZero introduces omnichain token to move Lido's wstETH across Avalanche, BNB Chain and Scroll https://t.co/H6uMPD13ai
The Telos Foundation unveils a bridge solution for transferring assets and data across LayerZero-supported blockchains https://t.co/SqCHCuuWYC