Details

• Due to the passage of MIP-25, we have been working closely with Lido for new initiatives on Mantle Network
• The old version of $wstETH is a generic format Mantle Standard Bridge ERC-20 token
• The new version of $wstETH will contain Upgradability (OZ OssifiableProxy) with the upgrade role being the Mantle Security Council and a future transfer to Lido DAO. This $wstETH token functionality is common among other L2s such as Arbitrum and Optimism

Summary

• A new version of Lido $wstETH will be deployed on Mantle Network in the coming days
• The old version of $wstETH will be exchangeable for the new token
• There are approximately 1.5 units of old-$wstETH currently deposited on Mantle Network, and we have disabled new bridge deposits

Going Forward

• For Users

No actions are required for now, we will work with applications to provide convenient and free channels for you to convert your old $wstETH to the new $wstETH.

• For Applications

Mantle BD team members will reach out to assist in deploying new $wstET-based pools.