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Lido’s stETH Token Expands to Layer 2 Networks Optimism and Arbitrum

Users wishing to participate in staking without losing liquidity have turned to liquid staking solutions like Lido, which take their ETH, stake it, and give them a stETH token in return. This token tends to trade around the price of ETH on the open market; it will eventually be exchangeable 1:1 for ETH once the network allows stakes to be withdrawn.