Another day in the world of blockchain protocols, but today is anything but ordinary for DeFi enthusiasts! Following the successful launch of the Intent Adapter Store and the Velocore Adapter, Router is excited to unveil the Lido Staking Adapter, a groundbreaking advancement in simplifying decentralized staking.
Check out our proof of concept here: Lido Staking Adapter.
This cross-chain protocol innovation is designed to make staking on Lido as effortless as a walk in the park. At Router, simplicity is our hallmark, and we are here to prove it once again.
Understanding Lido and Its Offerings
Lido DAO is a non-custodial blockchain protocol that provides staking solutions for various blockchains, including Ethereum, Polygon, Arbitrum, and others. It enables users to pool token assets and stake them on Proof-of-Stake (PoS) networks, earning attractive rewards.
One standout feature of Lido is its liquid staking mechanism. Users can stake tokens without locking assets, meeting minimum thresholds, or managing staking infrastructure. This accessibility eliminates barriers that discourage participation in staking activities.
Rewards come in two forms:
Rewards from tokens staked on Layer-1 networks.
Additional rewards via a staked reward token pegged 1:1 to the staked assets.
In essence, Lido democratizes staking by making it user-friendly and rewarding.
What Do DeFi Users Truly Want?
Let’s simplify it: A user’s ultimate goal is to acquire Lido ETH or wstETH on their preferred network, such as Arbitrum.
Here’s what the current process typically looks like:
Swap for Lido ETH on Arbitrum.
Swap tokens to ETH on Arbitrum, bridge to Ethereum, stake on Lido, and bridge back to Arbitrum.
For smaller investments, users might turn to a DEX to swap assets for stETH.
However, for more extensive holdings, this process becomes inefficient due to high slippage and swap fees. Users often have to:
Swap tokens to ETH via a DEX.
Bridge the assets to Ethereum.
Connect their wallet to Lido, stake assets, and receive stETH.
Finally, tokens can be bridged back to their desired network, like Arbitrum.
This cross-chain swap process is riddled with complexities, requiring users to navigate multiple platforms, approve transactions repeatedly, and spend significant time and effort.
Enter the Lido Staking Adapter: A Game-Changer
The Lido Staking Adapter transforms this complicated journey into a seamless one-step process. With the Router’s chain abstraction technology, users can simply declare their intent, and the adapter handles the rest.
Key Features of the Lido Staking Adapter:
Cross-chain bridge integration: No matter which chain you’re on, the adapter finds the optimal path for your staking needs.
Single interface: Whether swapping, bridging, or staking, everything happens in one place.
One-click solution: Save time and energy with one transaction instead of multiple approvals and signings.
For example:
You are on the Avalanche Network.
You hold USDC.
You want to stake on Lido.
You need WSTETH on Linea.
With the Lido Staking Adapter, this entire process happens in just one step.
Why Choose Router’s Lido Staking Adapter?
The Lido Staking Adapter leverages Cross-chain bridgeto eliminate the guesswork and inefficiencies of staking. It empowers users by:
Simplifying the staking process across blockchains like Ethereum, Solana, and Polygon.
Ensuring optimal returns with minimal slippage.
Providing a seamless user experience through chain abstraction technology.
Experience Seamless Cross-Chain Staking
At Router, we’re pushing the boundaries of what’s possible in decentralized finance. The Lido Staking Adapter is a testament to our commitment to innovation and user convenience.
Discover the Router Intent Adapter Store, a collection of open-source adapters built to carry out user intents on blockchain protocols. Developers can utilize these adapters to create new cross-chain protocols or transform existing dApps into seamless cross-chain applications, supporting both EVM and Cosmos-based chains.
Ready to simplify your staking journey? Check out the Lido Staking Adapter today and experience the thrill of effortless DeFi staking. Your feedback inspires us to keep innovating and delivering value to the DeFi ecosystem.