Our community is very happy to see the following proposal to initiate official bridging for wstETH on Base: Snapshot
QiDao has already approved wstETH as collateral and will be one of the first lending integrations (if not the first) of wstETH on Base.
If there is to be a stablepool on Curve for wstETH-ETH, QiDao could also add that as collateral. This has been very successful before, such as on Optimism.
- MAI’s peg on Base is impeccable, with DEX integrations on Aerodrome, Scale, and Baseswap
- MAI is completely isolated on Base, as if it was a separate protocol on that chain.
- Borrowing MAI with cbETH has been very successful, with $3M locked without borrow incentives. We anticipate a similar demand for wstETH
Our community is eagerly awaiting wstETH bridge support on zkEVM, Mantle, Linea, and Scroll. The sooner the better!
MAI’s isolation methodology: Chain Risk - Mai Finance
MAI’s peg on Base: https://dexscreener.com/base/0xf6aec4f97623e691a9426a69baf5501509fca05d