# wstETH Collateral Support on Base

**URL:** <https://research.lido.fi/t/wsteth-collateral-support-on-base/5831>\
**Category:** Projects\
**Created:** [October 31, 2023, 10:55am UTC](https://research.lido.fi/t/wsteth-collateral-support-on-base/5831 "2023-10-31T10:55:07Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Benjamin.lens](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/benjamin.lens/32/2751_2.png) [@Benjamin.lens](https://research.lido.fi/u/Benjamin.lens)\
**Post date:** [October 31, 2023, 10:55am UTC](https://research.lido.fi/t/wsteth-collateral-support-on-base/5831/1 "2023-10-31T10:55:07Z")

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## QiDao update on wstETH support

Our community is very happy to see the following proposal to initiate official bridging for wstETH on Base: [https://snapshot.org/#/lido-snapshot.eth/proposal/0x8b35f64fffe67f67d4aeb2de2f3351404c54cd75a08277c035fa77065b6792f4](https://snapshot.org/#/lido-snapshot.eth/proposal/0x8b35f64fffe67f67d4aeb2de2f3351404c54cd75a08277c035fa77065b6792f4)

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 on Base

- **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**

### Support for wstETH on other L2s

Our community is eagerly awaiting wstETH bridge support on zkEVM, Mantle, Linea, and Scroll. The sooner the better!

### Additional resources

MAI’s isolation methodology: [Chain Risk | Mai Finance](https://docs.mai.finance/risks/chain-risk)

MAI’s peg on Base: [MAI $0.9901 - Mai Stablecoin / USDbC on Base / Aerodrome - DEX Screener](https://dexscreener.com/base/0xf6aec4f97623e691a9426a69baf5501509fca05d)

 ![image](https://europe1.discourse-cdn.com/flex013/uploads/lido/original/2X/6/682822c361216e733456f13aa64fcf343c6271ab.png)

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<div class="post-metadata">

**Author:** ![DeFiYaco](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/defiyaco/32/2084_2.png) [@DeFiYaco](https://research.lido.fi/u/DeFiYaco)\
**Post date:** [October 31, 2023, 1:54pm UTC](https://research.lido.fi/t/wsteth-collateral-support-on-base/5831/2 "2023-10-31T13:54:13Z")

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It is great to see projects like QiDao on Base welcoming wstETH even before the formal acceptance.  
Can’t expect a better proof that there is a demand for it and that Base ecosystem will provide a good utility to the wstETH holders.  
QiDao platform already supports wstETH and stMATIC on other supported networks, and it makes a lot of sense to continue the support on other “soon to be accepted” networks.