Lido has launched the wstETH bridging feature in the Cosmos ecosystem

ChainCatcher news, the liquid staking project Lido Finance announced that the wstETH bridging feature supporting Cosmos is now live, allowing ETH staked in Lido to be used as liquid funds within the Cosmos ecosystem.

It is reported that the wstETH Cosmos bridge was developed by Lido in collaboration with Neutron and Axelar, with both Axelar and Neutron committing 1% of their respective token supplies to incentivize liquidity for major Cosmos DApps.