Cryptocurrencies Wrapped stETH - dapp.expert
Wrapped stETH WSTETH

Wrapped stETH WSTETH

$3,002.14
5.72%
Market Cap
$10,415,261,801.85
5.91%
Fully Diluted Market Cap
$10,420,150,218.00
5.91%
Volume
24h
$131,434,543.00
Volume / Market Cap
0.0126
Circulating Supply
3,469,279.18
0%
Total Supply 3,469,279.18
Low : $2,834.44
High : $3,005.71
Tags

wstETH is a wrapped version of stETH. Instead of rebasing, or changing account holdings daily it is similar to a c-token. It represents a pro-rata ownership of the staked ETH (stETH). When someone exits wstETH they are returned principal stETH + stETH earnings. Lido is a liquid staking protocol for POS blockchains. It gives you a liquid token that represents your staked collateral and earnings over time. Lido removes the need to run infrastructure and enabling continued participation in DeFi. wstETH is minted and burned as stETH is wrapped and unwrapped.

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