Lido, the top liquidity staking protocol for Ethereum, has announced support for 1inch as a withdrawals aggregator. This allows users to access instant swaps for their staked Ether (stETH) and wrapped staked Ether (wstETH), as well as Ethereum (ETH).
In their announcement on Wednesday, the Lido team highlighted the addition of the decentralized exchange aggregator as a way for users to easily unstake their stETH or wstETH through DeFi aggregators. This feature enables stETH to ETH swaps within minutes, allowing users to skip withdrawal queues.
1inch, a DeFi aggregator optimized for Ethereum, BNB Chain, Optimism, Polygon and other chains, aggregates prices across hundreds of DEXs to guarantee the best rates for all trades. This integration with Lido offers users a fast exit on Ethereum, Arbitrum and Optimism via 1inch Legacy mode or Fusion mode.
In Legacy mode, users can benefit from efficient atomic swap transactions, while Fusion mode allows for stETH/wstETH swaps at competitive rates without gas fees. However, Fusion mode is limited to swaps valued at more than $1000.
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