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Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

LayerZero launched a Lido stETH bridge last October without asking for Lido DAO's permission. The community responded this week by endorsing a pair of its biggest competitors.

LayerZero CEO Bryan Pellegrino at Crypto Bahamas 2022 (Danny Nelson/CoinDesk)
LayerZero CEO Bryan Pellegrino at Crypto Bahamas 2022 (Danny Nelson/CoinDesk)