Lido $wstETH Token on Mantle Network
08/10/232 min read
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
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
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.
Mantle BD team members will reach out to assist in deploying new $wstET-based pools.