LayerZero’s wstETH bridge deployment draws Lido DAO ire

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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