According to The Block, popular Ethereum staking platform Lido Finance has chosen Neutron and Axelar to launch wstETH on Cosmos. In the statement, it was stated that the partnership aims to improve cross-chain interoperability for liquid staking in the Cosmos ecosystem. It was also stated that more than 30 Cosmos teams were interested in integrating wstETH. Axelar co-founder Sergey Gorbunov stated the following in his statement:
The cross-chain expansion of the largest liquid staking token will be secured by AXL and powered by full-stack interoperability.
Neutron official Avril Dutheil said:
We are excited to be part of the effort to bring Lido’s staking ether, one of the largest liquid staking tokens, to the Cosmos ecosystem. The collaboration between Neutron, Axelar, and Lido DAO is a great example of how blockchain projects can come together to foster innovation and seamless interoperability.