Mantle submits a "Deploy wstETH on Mantle" proposal to the Lido community
The Mantle core contributor team has submitted a proposal to the Lido community to deploy wstETH on Mantle. The goal is to leverage the demand for wstETH and make it one of the core building blocks of the Mantle ecosystem and treasury core assets, in order to achieve sustainable growth of its protocol's liquidity (POL). Currently, wstETH has been deployed on Mantle through the canonical bridge and will replace the existing wstETH with a unidirectional migration pool open to users. Currently, the Mantle team has proactively deployed wstETH on the Mantle test network.The proposal suggests that Lido DAO accept ownership of the mainnet deployment of the wstETH cross-chain bridge component through formal voting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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