Decentralized finance (DeFi) giant Lido Finance has entered into a strategic partnership with 1inch, aiming to streamline the swapping process for stETH, wstETH, and ETH, with a particular focus on optimizing the unstaking phase.
The collaboration is poised to provide users with swift and direct access to the Ethereum, Arbitrum, and Optimism networks, circumventing traditional withdrawal queues that often lead to delays.
Lido Finance has underscored 1inch’s prowess in optimizing transactions across multiple chains, emphasizing its capability to secure competitive rates through the comprehensive analysis of numerous decentralized exchanges (DEXs).
As a frontrunner in the DeFi sector, Lido Finance boasts the highest Total Value Locked (TVL) currently standing at $28.8 billion. The partnership with 1inch fortifies Lido’s market position and extends its offerings, encompassing the stable version of stETH, wstETH, and extending support for staking Polygon’s native token, MATIC.
This strategic integration not only enhances the efficiency of token swapping for Lido users but also reinforces the platform’s commitment to diversifying and expanding its DeFi ecosystem.
