Wrapped stETH WSTETH
WSTETH
3272.7
$
11.57 %
Change 24h
Market Cap
$ 11,950,424,282
Volume 24h
$ 81,767,133
Circulating Supply
3,604,351
Total Supply
3,586,898
WSTETH
$
| # | Exchange | Pair | Price | Volume 24h |
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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.