CryptoCurrencies
14807
Exchanges
498
Total Market Cap
2,325,791,361,450
Volume 24h
107,272,017,644
Dominance
BTC 53.42%   ETH 12.69%   USDT 5.15%   BNB 3.61%

Wrapped stETH
WSTETH

2894.1
$
1.66 %
Change 24h
Market Cap
$ 10,183,564,779
Volume 24h
$ 119,298,539
Circulating Supply
3,518,064
Total Supply
63,283
WSTETH
$
# Exchange Pair Price Volume 24h

Description

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.