Lido Finance and 1inch have joined forces to simplify the swapping process for stETH, wstETH, and ETH, particularly during the unstaking phase. This partnership aims to provide users with quicker access to Ethereum, Arbitrum, and Optimism networks, bypassing traditional withdrawal queues.

Lido Finance highlighted 1inch’s efficient optimization across multiple chains and its ability to offer competitive rates by comparing hundreds of decentralized exchanges (DEXs).

Introducing the newest Lido withdrawal aggregator: @1inch ⚡️ Skip the withdrawal queues with instant swaps between stETH/wstETH and ETH using 1inch. pic.twitter.com/Ud1h75gASD

Lido, a pioneer in pooling users’ cryptocurrency to generate a liquid utility token equivalent to their staked assets, leads the decentralized finance (defi) sector with the highest total value locked (TVL) of $28.8 billion as of Feb. 21. The integration with 1inch reinforces Lido’s market position and expands its offerings to include the stable versions of stETH, wstETH, and support for staking Polygon’s native token, MATIC.

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