Gauge Proposal Template:
Summary:
Proposal to add wstETH/ETH on Arbitrum pool and wstETH/ETH on Optimism pool to the Gauge Controller to enable users to assign gauge weight and mint CRV.
Arbitrum Pool here
Arbitrum Gauge here
Optimism Pool deployed here
Optimism Gauge deployed here
References/Useful links:
Website: https://lido.fi/
Documentation: https://docs.lido.fi/
Github Page: https://github.com/lidofinance/lido-dao
Communities: https://research.lido.fi/
DefiLlama: https://defillama.com/protocol/lido
Protocol Description:
Lido (LDO) is a secure liquid staking solution for proof-of-stake (PoS) cryptocurrencies that supports Ethereum 2.0 (The Merge) staking and a growing ecosystem of other Layer 1 PoS blockchains. Users can stake their PoS tokens on Lido and receive a tokenized version of their staked assets at a 1:1 ratio.
Motivation:
As with on Maininet, Lido intends to ensure there is deep liquidity across stETH/ETH on Curve on both Arbitrum and Optimism. Curve is one of our largest and longest standing partners and is a key part of our strategy for wstETH on Layer 2 networks.
See our Dune dashboard for stats on the Mainnet pools: Curve ETH/stETH LP