Reasoning For Blockworks Advisory’s Vote On 179
We vote to approve! Given Ethereum’s focus on layer 2 scaling solutions and the flight of consumers from Ethereum’s base chain toward layer 2s, it is paramount to Lido’s success that stETH provides these users value by increasing its moneyness.
We see this proposal as a great step towards Lido’s one-year goal of “stETH [to be] the most used token in the Ethereum ecosystem” (GOOSE 1). A canonical version of stETH will serve to further solidify stETH’s position among the fragmented nature of layer 2s.
Future iterations of this bridging solution could consider instituting pre-confirmations to enable instant withdrawals for optimistic rollups. To increase the velocity of stETH withdrawing from optimistic rollups, a permissioned multi-attestor model where a threshold number is required for instant withdrawals could check, execute, and verify the block, providing a ZK proof that confirms the correctness of the state transition.