Lido to Expand to Optimism and Arbitrum as First Step of Its Layer2 Plan, with Smart Contracts Deployed

Lido updated its plans to expand to Layer2, announcing that it has chosen Optimism and Arbitrum for the first launch phase. The first step of expansion to Layer2 is to bridge $wstETH to Optimism and Arbitrum whilst preserving the properties of Lido's yield-bearing assets. The bridging contracts for Optimism and Arbitrum have been developed by the Lido core development team and audited externally, and all smart contracts have been deployed. Currently, both Arbitrum and Optimism bridges have been deployed in the "paused" state. After a successful public audit of governance bridging contracts, Lido will launch a snapshot vote for DAO approval of bridging plans.