logo

Home

Sign In

Sign Up

logoWrapped Liquid Staked Ether 2.0WSTETH Price#14
$2,920.91
Created with Pixso.1.26%
DescriptionWrapped Liquid Staked Ether 2.0, more commonly known as WSTETH, represents a refined and highly composable version of Lido Staked Ether, or STETH, within the decentralized finance ecosystem. While STETH is a rebasing token whose balance in a user's wallet automatically increases daily to reflect staking rewards, WSTETH offers a fixed balance, non-rebasing alternative. This crucial difference makes WSTETH significantly more compatible and predictable for integration across a vast array of decentralized applications and protocols that are not designed to handle rebasing tokens. WSTETH effectively wraps STETH at a floating exchange rate that incorporates the accumulated staking rewards. This means that instead of your WSTETH token balance growing, the underlying STETH value per WSTETH token increases over time. For instance, if you hold 1 WSTETH, its value relative to STETH will grow, reflecting the compounding staking rewards. This fixed balance approach simplifies calculations for protocols that require a constant token balance, such as collateralized lending platforms, automated market makers, and various yield-bearing strategies. The primary use case for WSTETH is to enhance the composability of liquid staked Ether across the broader DeFi landscape. Users can convert their STETH into WSTETH at any time through the Lido Finance platform, effectively opting for a version of their staked Ether that is more universally accepted across different DeFi protocols. This flexibility allows WSTETH to be used as collateral for borrowing, provided as liquidity in stable pools, or integrated into complex smart contracts without the complexities associated with fluctuating token balances. By providing a fixed balance representation of liquid staked Ether, WSTETH removes a significant technical hurdle for DeFi developers, making it easier to build innovative financial products that incorporate Ethereum staking yields. It empowers users to maximize the utility of their staked ETH, enabling them to participate in advanced DeFi strategies while still benefiting from the underlying Ethereum staking rewards. WSTETH has cemented its position as a preferred asset for sophisticated DeFi participants looking for seamless integration and predictable financial operations with their liquid staked Ether.
icon
icon
icon
icon
fireTokenomics
boltBlockchain Info
miningMining Info
githubGitHub Info
detailed analytics icon

Detailed Analytics

fireTokenomics
Total Supply3,555,731 WSTETH
Max Supply0 WSTETH
Circulating Supply3,555,731 WSTETH
PremineNo records found
Addresses Richer ThanNo records found
Top 100 RichestNo records found
Chart title
boltBlockchain Info
Mainnet / TestnetNo records found
Blocks CountNo records found
Blockchain SizeNo records found
Hardfork / SoftforkNo records found

Comments

+
Chart title
miningMining Info
Consensus MechanismNo records found
Masternodes SupportNo records found
Mining HardwareNo records found
Block TimeNo records found
Block RewardNo records found
Chart title
githubGitHub Info
GitHub Repository-
GitHub Release-
GitHub Stars-
GitHub Forks-
GitHub Developers-
GitHub Commits-
GitHub Last Commit-
Chart title

Preview Mode

This is a preview mode with limited functionality.

To access all features, please log in.

Unlock the Full Potential:

Engage deeply in the world of comprehensive cryptocurrency analytics by logging in to access exclusive features such as developer activity tracking, social activity analytics, correlation indices of various assets, mining profitability on different equipment, and much more.

Log In
Close