LayerZero recently introduced a bridge token allowing users to move Lido’s $5.5 billion wrapped staked ether (wstETH) token between Ethereum, Avalanche, BNB, and Scroll.
There was one small problem, however: LayerZero apparently didn’t wait for Lido DAO’s permission before deployment.
LayerZero’s announcement of its omnichain fungible token (OFT) before a DAO vote led some Lido DAO members to feel that the DAO is being strong-armed into approval. While Lido DAO’s power has been a subject of concern lately, one member says the DAO has limited leverage to prevent situations like this one.
LayerZero announced its wstETH standard on Wednesday, and Binance’s BNB chain followed…
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