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Aave Seeks Community ‘Go-Ahead’ To List Lido’s wstETH on Its Liquidity Pool

Leading cryptocurrency protocol Aave [AAVE] recently introduced a new proposal detailing the addition of Lido’s wrapped stETH, wstETH, to its V3 deployment on layer 2 network (L2) Optimism. 

Users of Lido Finance receive stETH tokens as rewards for staking their ETH on the liquid staking protocol. However, because stETH is a rebase token, a user’s stETH balance changes as they receive daily staking rewards. 

Some protocols, however, do not offer support for rebasing tokens, thereby putting holders of stETH at risk of losing out on daily staking rewards when they provide stETH as liquidity across these platforms.

(by Abiodun Oladokun)

AAVE
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