Folks Finance Adds Crosschain Lending Support for wstETH

Folks Finance is thrilled to announce the listing of wstETH on xChain, the wrapped staked ETH token designed by Lido, enabling simple crosschain asset utilization powered by Chainlink CCIP and Wormhole. With this integration, users can deposit wstETH on Arbitrum and Polygon, leverage it as collateral, and access borrowing liquidity across all supported blockchains, making bridging challenges now a thing of the past.

Through the addition of wstETH, Ethereum stakers gain unprecedented opportunities to put their assets to work. This listing enhances DeFi accessibility by enabling stakers to borrow, lend, and trade against their staked ETH without impacting their staking rewards, making asset management smarter and more productive.

This partnership with Lido highlights Folks Finance’s commitment to enhancing user experience and unlocking the potential of DeFi across chains.

To start using wstETH on Folks Finance, visit xapp.folks.finance.

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Folks Finance offers crosschain lending, borrowing, staking, and trading across elite blockchains. By combining traditional finance’s security and optionality with the transparency and decentralization of DeFi, Folks Finance continues to pave the way for a truly global onchain economy.

Keep an eye out for updates on xChain, incentive programs, and more by following Folks on socials: linktr.ee/FolksFinance.