A bridge too far it seems for LayerZero.

After announcing it would integrate a wrapped version of Lido’s ever-popular staked Ethereum token, the team behind the cross-chain protocol was hit with hefty backlash from the Lido community.

The wrapped version of stETH is an ERC-20 version of the original blend stETH, making it easier to be reused in other applications. Lido Finance is a popular staking protocol.

This is what LayerZero had integrated on Wednesday across BNB Chain, the buzzy layer-2 network Scroll, and Avalanche.

But why the backlash exactly?

Well, first and foremost, they didn’t Go to Source to See Full Article
Author: Nivesh Rustgi

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