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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 ⏬⏬
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?
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
(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
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
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😍
🟣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…
medium.com/@123juliuscaes…
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👇
More details👇
👨💻 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…
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!
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!
