A new proposal from the Lido community proposes to adopt the xERC20 open standard for wstETH full-chain circulation
On December 6th, the Lido community initiated a new proposal suggesting that DAO consider adopting xERC20 (cross-chain token standard) and use it for wstETH. The next step of this proposal is to be discussed within the Lido community, clarifying the standard and implementation process (including the whitelist process). If the community supports this proposal early on, the first temperature check will be proposed in January 2024.
xERC20 is an open cross-chain standard (EIP 72816) that allows any cross-chain bridge to work with Lido, that is, it allows Lido DAO to whitelist specific bridges, giving them the right to mint cross-chain tokens in the same representation form.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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