wstETH is now available on Lisk! Users can now bridge to Lisk via Superbridge - a popular UI for Optimism’s OP Stack Chains.
Bridging wstETH to Lisk
The Superbridge.app provides a simple way to transfer wstETH between Ethereum and Lisk. Before using Superbridge ensure your wallet contains wstETH (wrapped stETH), then follow these steps:
Access Superbridge: Navigate to Superbridge.app, a popular bridge UI for OP Stack Chains.
Connect Your Wallet: Link your Ethereum wallet to the bridge UI and verify that you have enough ETH to cover gas fees.
Select Your Networks: Choose Ethereum as the source chain and Lisk as the destination chain.
Select Your Token: Choose wstETH from the list of available tokens in the dropdown menu, and choose the amount you wish to transfer to Lisk.
Approve and Confirm: Review the transaction details, approve the interaction, and confirm the transfer in your wallet.
Note: Bridging back from Lisk to Ethereum may take up to 7 days. This delay is a standard security feature of the OP Stack, serving as a challenge period before the transaction is finalized.
Withdrawing wstETH from Lisk
Withdrawing your wstETH to Ethereum with the Superbridge app is straightforward. Here are the steps:
Access the Superbridge App: Navigate to the official Superbridge.app.
Connect Your Wallet: Link your Ethereum wallet to the bridge and ensure you have sufficient ETH to cover gas fees.
Select Your Networks: Choose Lisk as the source chain and Ethereum as the destination chain in the Superbridge app.
Select Your Token: From the list of available tokens, choose wstETH and enter the amount you wish to transfer.
Approve and Confirm: Review the transaction details, approve the interaction, and confirm the withdrawal in your wallet.
Prove on Ethereum: After the withdrawal transaction is approved and confirmed, wait 1 hour and Prove the transaction on Ethereum.
Wait for Completion: The withdrawal process may take up to 7 days due to the standard security feature of the OP Stack, which serves as a challenge period before the transaction is finalized.
You can track the status of your transaction within the Superbridge app.
Frequently Asked Questions
What is wstETH?
wstETH (wrapped stETH) is a wrapped version of stETH that does not undergo daily rebases. Unlike stETH, where your balance changes daily to reflect each user’s portion of the staked ETH and any network rewards or slashing events that might have occurred, wstETH maintains a constant token balance.
How do I get wstETH?
You can wrap your ETH or stETH to wstETH at stake.lido.fi/wrap.
Are there any bridging fees?
While there are no specific fees for using the Superbridge, gas fees on Ethereum and Lisk will apply.
How long does it take to bridge?
Deposits to Lisk are usually completed within minutes. Withdrawals to Ethereum take about 7 days due to security measures.
How do I bridge back to Ethereum?
The process involves three steps over approximately 7 days, as outlined in the withdrawal section above.
Can I cancel a withdrawal request?
No, once a withdrawal request is submitted, it cannot be canceled.
Why does it take 7 days to withdraw?
This timeframe is a security feature of the OP Stack, designed as a challenge period before the transaction is finalized.
Disclaimer: Blockchain staking rewards are not guaranteed, vary and are dictated by the rules of the method for validating transactions, which are developed independently by the developers of each specific blockchain network, and are not subject to modification by any liquid staking protocol. Past performance is not a reliable indicator of future results, and that all users should do their own research and due diligence before using Lido protocol.