Wrapped stETH $WSTETH founded by Lido DAO is a liquid staking derivative that enables Ethereum stakers to maintain asset mobility while earning staking rewards. More
Fully Diluted Valuation | $17.15B |
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24H Trading Volume | $29.15M |
24H Low / High | $5.02K / $ 5.34K |
Circulating Supply | 3.23M |
Total Supply | 3.23M |
Max Supply | ∞ |
Categories | Wrapped-Tokens 5 more |
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Founder | Lido DAO |
Website | lido.fi |
Socials | 3 more |
Chains |
Ethereum Ecosystem
1 more
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Explorer | Uniscan 4 more |
Contracts |
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Wrapped stETH $WSTETH emerged as an innovative solution within the Lido Finance ecosystem to address the liquidity challenges of Ethereum staking. Developed as part of Lido's liquid staking protocol, $WSTETH provides users with a flexible and efficient method to stake Ethereum while maintaining asset mobility in the decentralized finance (DeFi) landscape.
Wrapped stETH $WSTETH represents a tokenized version of staked Ether that offers several unique technical advantages:
1:1 Representation: Each $WSTETH token corresponds directly to an underlying stETH token, ensuring precise value tracking.
Enhanced Liquidity: Unlike traditional staking methods, $WSTETH enables users to participate in various DeFi protocols while continuing to earn staking rewards.
Yield Generation: The token automatically accumulates staking rewards, increasing in value relative to the base stETH token.
DeFi Integration
$WSTETH has found extensive applications across multiple DeFi platforms:
Lending Protocols: Users can utilize $WSTETH as collateral for borrowing assets on platforms like Aave and Inverse Finance.
Liquidity Pools: The token can be deployed in automated market makers (AMMs) such as Curve and Balancer.
Yield Aggregation: Platforms like Yearn Finance incorporate $WSTETH into sophisticated yield farming strategies.
Cross-Chain Utility: Lido has expanded $WSTETH's utility through cross-chain integrations, including representation on the Terra blockchain as bETH, enabling broader ecosystem participation.
As of October 2025, Lido Finance $LDO maintains a dominant position in liquid staking:
Continued expansion of cross-chain integrations
Wrapped stETH $WSTETH represents a significant innovation in blockchain staking, offering users unprecedented flexibility and utility. By solving liquidity and accessibility challenges, $WSTETH has positioned itself as a critical infrastructure component in the evolving Ethereum ecosystem.
Investors and users should always conduct thorough research and understand the associated risks when engaging with liquid staking derivatives
$WSTETH enables users to stake Ethereum while maintaining full asset mobility, allowing simultaneous participation in DeFi protocols without locking up capital, thus resolving the traditional staking liquidity constraint.
The token uses an automated rebasing mechanism that continuously adjusts the $WSTETH value to reflect underlying staking rewards, ensuring precise value tracking without manual intervention.
Lido's protocol implements robust validator selection criteria, distributed node operator infrastructure, and insurance mechanisms to mitigate potential slashing risks, protecting user funds through decentralized risk management.
$WSTETH supports cross-chain representations, enabling asset utility across multiple blockchain ecosystems, including integration with Terra blockchain as bETH, expanding its functional versatility beyond Ethereum.
The token automatically reinvests staking rewards, eliminating user intervention, reducing transaction costs, and providing continuous yield generation without requiring manual restaking or complex management processes.
Lido implements multiple layers of security, including extensive smart contract audits, formal verification processes, tiered governance mechanisms, and progressive decentralization strategies to minimize potential systemic risks.
The protocol uses a sophisticated validator selection algorithm that evaluates node operators based on performance history, technical capabilities, geographic distribution, and historical reliability to ensure optimal staking returns.
Lido utilizes a decentralized autonomous organization (DAO) model with token-based voting, allowing $LDO token holders to propose and vote on protocol upgrades, ensuring community-driven evolution and transparent decision-making.
Wrapped stETH (wsteth) allows ETH holders to participate in Ethereum 2.0 staking without locking up their funds, providing liquidity to staked ETH.
Wrapped stETH was created by the Lido DAO, a decentralized organization focused on Ethereum staking.
Lido DAO is backed by leading investors such as Paradigm, Coinbase Ventures, and Three Arrows Capital.
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