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…

Read more on Blockworks