1/ The @Rocket_Pool rETH and wstETH pools are now LIVE on Pendle...
Pendle @arbitrum🔥
With this, we're now ready to kickstart the liquidity flywheel for #LSD and #LSDfi on Arbitrum.
Deeper liquidity, faster growth, boundless possibilities await 💙
2/ LSDs already exist on Arbitrum, but deeper liquidity is needed to capture the same vibrance we see on Ethereum.
With this launch, Pendle is positioned to assist in unlocking richer, stickier liquidity that can be used in other protocols in Arbitrum 🧡
3/ As a liquidity provider, you can receive up to 115% APY with rETH or wstETH on Arbitrum, with minimal IL considerations.
Any liquidity supplied continues to contribute to the underlying protocol's TVL.
4/ On top of driving liquidity to Arbitrum, Pendle also enables more utility for these yield assets.
Holders can now tap into our yield management facilities for the speculation and trading of #LSD yields on Arbitrum, starting with rETH and wstETH.
5/ If you currently hold wstETH or rETH on Ethereum, bridging is just an easy 2 steps!
Visit the official Arbitrum bridge at bridge.arbitrum.io and connect your wallet.
6/ Select rETH or wstETH from the dropdown menu on the “From Mainnet” tab.
If you haven’t interacted with either token before you’ll need to import the contract address
rETH: 0xae78736cd615f374d3085123a210448e74fc6393
wstETH: 0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0
7/ Select the amount you want to deposit to Arbitrum and click “Move funds to Arbitrum One”. You’ll be prompted to pay the necessary gas fees on both Ethereum and Arbitrum.
8/ Once your transaction confirms, you’ll see a success message followed by your rETH or wstETH balance updated on Arbitrum in your wallet.
Now, your rETH and wstETH are ready to be used on Pendle Arbitrum 🎉
9/ Liquid staking and LSDfi become more accessible in Arbitrum's low-gas environment, opening the door for more users to participate in.
We pride ourselves in Pendle's role in expanding the LSD ecosystem, and now it's time to ignite the same network effect in our Arbitrum home🔥
Do more with your LSDs with Pendle, now available on Arbitrum:
app.pendle.finance/pro/pools?chai…
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