WSTETH
Lido wstETH
$2,105.90
5.20%
Lido wstETH
WSTETH
$2,105.90
5.20%
Lido wstETH Price Converter
Lido wstETH Information
Lido wstETH Markets
About Lido wstETH
Lido's wstETH is a wrapped, non-rebasing version of staked Ether (stETH), designed to maintain a constant balance while its value appreciates to reflect staking rewards. This structure enhances compatibility with DeFi protocols and supports cross-chain integrations.
Lido's wrapped staked Ether (wstETH) is an ERC-20 token that represents staked Ether (stETH) in a non-rebasing format. Unlike stETH, which adjusts its balance daily to reflect staking rewards, wstETH maintains a constant balance. Instead, the value of wstETH increases over time to represent accrued staking rewards. This design facilitates compatibility with various decentralized finance (DeFi) protocols that require fixed token balances.
wstETH is primarily used to integrate staked Ether into DeFi platforms that do not support rebasing tokens. By wrapping stETH into wstETH, users can participate in DeFi activities such as lending, borrowing, and providing liquidity without affecting their token balances. Additionally, wstETH allows for seamless bridging of staked Ether to Layer 2 solutions and other blockchain networks, enhancing its utility across multiple ecosystems.
Non-rebasing: Maintains a constant token balance, with value appreciation reflecting staking rewards.
DeFi Compatibility: Designed for integration with DeFi protocols requiring fixed token balances.
Cross-Chain Utility: Facilitates bridging of staked Ether to Layer 2 networks and other blockchains.
wstETH was developed by Lido, a decentralized liquid staking protocol that enables users to stake their assets while retaining liquidity. Lido aims to simplify the staking process and increase accessibility to staking rewards without requiring users to manage staking infrastructure.
