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.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
