Lido and 1inch collaborate to expedite access to Ethereum, Arbitrum, and Optimism networks, optimizing swapping and ensuring competitive rates across multiple chains.
Lido and 1inch have joined forces to enhance the swapping experience for stETH, wstETH, and ETH, particularly during the unstaking phase.
This collaboration aims to provide users with faster access to Ethereum, Arbitrum, and Optimism networks, bypassing traditional withdrawal queues.
Lido Finance highlighted 1inch’s prowess in optimizing across various chains and ensuring competitive rates by comparing numerous decentralized exchanges (DEXs).
Lido, recognized for aggregating users’ cryptocurrency to offer a liquid utility token mirroring their staked assets, maintains its dominance in the decentralized finance (DeFi) sector with a total value locked (TVL) of $28.8 billion as of February 21.
This integration solidifies Lido’s standing in the market and expands its range of services, which now includes the stable version of stETH, wstETH, and support for staking Polygon’s native token, MATIC.