According to Foresight News, Ethereum liquidity pledging protocol, ether.fi, has announced that the LayerZero Labs team has assisted in the development of a native L2 staking solution. The solution, known as weETH, has adopted the OFT standard and is set to launch on Blast, Optimism, Base, Linea, Mode, and BNB Chain.
Foresight News notes that the OFT is a new scalable token standard introduced by LayerZero. Similar to the ERC-20, it allows tokens to be externally composed in any type of DApp and any DeFi ecosystem. This development marks a significant step forward for ether.fi, as it continues to innovate and expand its offerings within the DeFi space.
