Wrapped stETH Coin Price & Market Data
Wrapped stETH price today is $2,304.16 with a 24-hour trading volume of $2,642,421. WSTETH price is down -11.3% in the last 24 hours. It has a circulating supply of 0 WSTETH coins and a total supply of 63.3 Thousand. If you are looking to buy or sell Wrapped stETH, Sushiswap is currently the most active exchange.
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.