Re-endorsement of wstETH on Starknet

Proposals
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Introduction

The Starknet Foundation is excited to introduce a proposal to re-endorse the wstETH bridge endpoints as canonical by the Lido DAO.

For context into the prior proposal that was passed, please view here; and for further context into the asset’s offboarding, please view here. For clarity, this issue occurred after the passing of the proposal and posed zero risk to holders.

Following the previous wstETH offboarding, the Starknet Foundation proceeded with an asset migration from wstETH(legacy) to the new wstETH following the recommended guidline.

That migration is now complete.

Upon the passing of this proposal, the governance roles for wstETH will be transferred to the Lido DAO.

wstETH Metrics

The wstETH migration process began on 3 February through the migration hub.

There is now ~3900 cumulative wstETH (new and old) on Starknet, with ~93% of all wstETH on Starknet being the new token. Migrations of legacy wstETH continue to take place.

These metrics can be verified in real-time: new wstETH and legacy wstETH.

wstETH rewards on Starknet are significantly above-average because of STRK incentives through the network’s current DeFi Spring program. As such, we expect TVL to continue to increase, and we believe that it is in the interest of both Starknet and the Lido DAO for this TVL to be recognized as canonical.

Up-To-Date Audits

Mainnet Contracts - StarkGate 2.0

Testnet (Sepolia) Contracts - StarkGate 2.0

Source code and Documentation

  • Source code repo for StarkGate 2.0 (Live on Mainnet).
  • Source code repo for the Lido - Starknet governance forwarder.
  • StarkGate Documentation.

Recommendation

With the prior proposal already having been passed initially, we believe it is practical to recognize the wstETH bridge endpoints as canonical by the Lido DAO.

We invite the Lido community to engage in discussions and provide feedback.

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Snapshot vote started

We’re starting the Re-endorsement of wstETH on Starknet Snapshot, active till Thu, 03 Apr 2025 20:29:00 GMT . Please don’t forget to cast your vote!

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Hi! I was a bit surprised to see the Snapshot vote go live before receiving any feedback or technical input from the Network Expansion Committee (NEC).

Want to clarify, on the Snapshot, one part says “migration is now complete,” while another says “migration continues to take place.”
Could you confirm the current status — is the migration fully completed or still ongoing?

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Hey Benjamin.

Thanks for the proposal and the snapshot initiation. It’s good to see decentralized governance working as intended.

Sadly, I’m voting “no” for the vote at hand.

The primary reasons are:
1.) The fact that it took you guys very long for disclosures and incident reports.
2.) Way of dealing with the incident itself.

Mistakes happen, can live with that but how one handles them is more important than anything else.

Note: I’m not part of the NEC and my opinion does not represent NEC stance on the matter.

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The Network Expansion Committee acknowledges the request to re-endorse wstETH on Starknet, but has decided not to proceed with the re-endorsement on behalf of the Lido DAO at this time and cannot recommend doing so.

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Hi Jenya - the migration is still live, but 90% of tokens have migrated.

The process will be live indefinitely because it’s infeasible for every single wstETH to migrate as it is not enforced and there are a significant number of holders.

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Hey-hey, Eugene M from the stETH value stream and a former NEC participant is here.

TL;DR: If you’re not fully convinced, it’s often better to step back and re-evaluate rather than push forward prematurely.

Every L2 plays a key role in the broader Ethereum ecosystem, just as it does in the Lido Multichain universe. However, granting an official endorsement from the Lido DAO goes beyond mere technical compatibility — it implies a mutual commitment to shared values and a coherent security culture.

The recent incident response and somewhat scarce retrospective report suggest that this alignment hasn’t been reached. At this moment, I don’t see support from either Lido contributors or external parties for the new deployment.

That said, a lack of endorsement shouldn’t be interpreted as outright rejection; it simply means the project needs to mature further in terms of cultural and security alignment. The token can still function and be used within the Starknet ecosystem; it just might not carry the “official Lido stamp”.

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