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Wrapped stETH

rank #

14D

All

Wrapped stETH Price

$5,412.94

-1.88%

Low 24H

$5,411.44

0.03%

High 24

$5,583.81

-3.06%

All Time High

$7,256.02

-25.39%

Market Cap

$17,116,842,423

-1.79%

Total Volume

$38,992,215

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.

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