wstETH is a wrapped, non-rebasing version of stETH.
wstETH is a wrapped token representing stETH, allowing liquid staking without rebasing, enabling easy participation in DeFi by holding a pro-rata share of staked ETH and earnings.
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What is Wrapped stETH (WSTETH)?
wstETH is a wrapped version of stETH that functions similarly to a c-token, avoiding daily rebase or account changes. It grants proportional ownership of staked ETH (stETH). When you exit wstETH, you receive your principal stETH along with the earnings from stETH. The token is minted and burned as stETH is wrapped or unwrapped. Lido is a liquid staking platform for proof-of-stake blockchains, providing a token that reflects your staked assets and accrued rewards over time. It simplifies participation in DeFi by removing the need to operate staking infrastructure.
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Wrapped stETH price live information
As of now, Wrapped stETH is trading at 0 USD, with a 24-hour trading volume of approximately 0 USD. The WSTETH to USD price is updated in real time. Over the past 24 hours, Wrapped stETH has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 3 610 945 WSTETH in circulation out of a maximum supply of 3 610 945 WSTETH.
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