Discover and read the best of Twitter Threads about #lidoarbitrumadventure

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The rise of #wstETH: The unstoppable force driving DeFi profits on Arbitrum's decentralized platform.

Ready to Take your DeFi game to the NEXT LEVEL?

(Open this thread)

@LidoFinance, @traderjoe_xyz & #LidoArbitrumAdventure

🧵/23 ⏬⏬
In this Thread, we will Cover:

A•What is wstETH?

B• Why wsETH? What makes it Special?

C• Why Lido Finance?

D•What are the Use Cases of wstETH?

E• What Use Cases do I suggest for wstETH?

F•My Advice to you.

2/23
A) What is wstETH?

(I hope to explain as I would to an eight year old.)

Before we go to "wstETH", we should consider "stETH"

➡️ stETH means "staked Ether" and is a token that represents Ether (ETH) that has been deposited into the Ethereum 2.0 staking contract.

Easy.

3/23
Read 23 tweets
Lido Finance is coming STRONG to the Arbitrum ecosystem!

They are committed to making Lido’s wstETH widely available throughout Arbitrum.

Let's explore wstETH’s use cases across the Arbitrum ecosystem🧵

@LidoFinance, @traderjoe_xyz & #LidoArbitrumAdventure
In this thread, we'll cover👇

🟣What is Liquid Staking?
🔵What is @LidoFinance?
🟢Explained: stETH
🟠Explained: wstETH

Then, we will talk about 👇

🔴 Use cases of wstETH on Arbitrum
🟡 Potential use cases of wstETH on Arbitrum

Let's start😍
Before starting, just would love to inform you that a detailed and more comprehensive version of this thread can be found in this article that I wrote👇👇

medium.com/@123juliuscaes…
Read 31 tweets
Exciting news - Trader Joe and Lido are teaming up to bring you a bonus #ArbitrumAdventure contest with 1,500 $LDO up for grabs!

More details👇 Image
👨‍💻 Task: Create a Twitter thread covering wstETH use-cases across the Arbitrum ecosystem

Highlight existing use-cases or suggest new ones, it’s up to you!

Helpful resource: blog.lido.fi/?pk_vid=01f332…
Be sure to tag @LidoFinance, @traderjoe_xyz & #LidoArbitrumAdventure in your 1st Tweet for a chance to win

Details:
🐥 Minimum length: 4 Tweets
🗓️ Dates: Feb 14th - 21st
💸 Prize: 1,500 $LDO split amongst top 3 contestants

Winners will be chosen by the Lido team!
Read 3 tweets

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