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.
Where is Wrapped stETH available for purchase?
You can exchange WSTETH tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Wrapped stETH is Uniswap V3 (Ethereum), notably the WSTETH/WETH pair, which saw a trading volume of $ 38,23 MLN. in the past day. Additionally, Uniswap V4 (Ethereum) and Balancer V2 are popular alternatives for trading tokens.
What is the highest value Wrapped stETH (WSTETH) has ever reached?
Wrapped stETH (WSTETH) reached its peak price at 7,256.02 $ on 13 May 2022, approximately 3 years ago ago. Presently, the current price is -25.32% lower than this all-time high.
What is the historical minimum price for Wrapped stETH (WSTETH)?
The minimum price reached for Wrapped stETH (WSTETH) was 558.54 $, documented on 13 May 2022, more than 3 years ago. In comparison, the current price is 870.11%, it above this historical low.
What is the fully diluted valuation of Wrapped stETH (WSTETH)?
The fully diluted valuation (FDV) of Wrapped stETH (WSTETH) stands at $ 16,86 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of WSTETH tokens. The realization of this FDV might take several years depending on the emission schedule of WSTETH tokens.
How to add Wrapped stETH (WSTETH) to MetaMask?
By integrating Wrapped stETH (WSTETH) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import WSTETH as a token. You can either manually import WSTETH by copying its contract address (0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0) or use MetaMask's Chrome extension to add WSTETH with a single click through P.CASH.
How to add Wrapped stETH (WSTETH) to TrustWallet?
Incorporating Wrapped stETH (WSTETH) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include WSTETH, you can either manually import it using the contract address (0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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