Lido $wstETH Token on Mantle Network
08/10/232 min read
by Mantle
Ecosystem
Governance

Details
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Due to the passage of MIP-25, we have been working closely with Lido for new initiatives on Mantle Network
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The old version of $wstETH is a generic format Mantle Standard Bridge ERC-20 token
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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
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A new version of Lido $wstETH will be deployed on Mantle Network in the coming days
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The old version of $wstETH will be exchangeable for the new token
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There are approximately 1.5 units of old-$wstETH currently deposited on Mantle Network, and we have disabled new bridge deposits
Going Forward
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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.
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For Applications
Mantle BD team members will reach out to assist in deploying new $wstET-based pools.
If you have any questions, please reach out on the Mantle Discord.