CryptoCurrencies
900
 Total Market Cap
17,103,375,769
 Volume 24h
1,300,841,498
 Dominance
SEI 7.79%   AGIX 6.56%   BEAM 6.45%   RBN 5.61%

Wrapped stETH
WSTETH

3434.8
$
1.26 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 102,109,000
Total Supply
2,972,400
WSTETH
$
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.