Wrapped stETH
wsteth$2,555.26
+3.18% (24h)
Price Chart
Market Cap
$9B
24h Volume
$5.22M
Circulating Supply
3.52M WSTETH
Max Supply
∞ Unlimited
24h High
$2,558.31
24h Low
$2,471.21
All Time High
$7,256.02
All Time Low
$558.54
Fully Diluted Val.
$9B
From ATH
-64.8%
Price Change
About Wrapped stETH
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.