Try Quests to earn cryptostETH on Optimism
Recently, Lido announced that they have launched support for a wrapped version of stETH on Layer 2s like Optimism and Arbitrum. Optimism Gateway has also recently supported the bridging of wstETH to Optimism. Here in this analysis, we analyze how these recent announcements have impacted the movement and use of stETH on Optimism. We will answer 3 main questions: - How much stETH has been bridged to Optimism? - What are users doing with their stETH once bridged to Optimism, and how are Optimism users using their stETH more generally (staking, swapping etc)? - What is trading activity like for stETH recently on the new wstETH-ETH pools on Optimism?