What is WRAPPED STETH(WSTETH)?

Basic information about WSTETH

Coin name:

Wrapped stETH

Coin symbol:

Coin introduction:

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.

Current Price:

$2.84KMore coin details

All-time high:

$7.26K

All-time low:

$558.54

WSTETH Supply Info and Tokenomics

Circulating supply:

3,406,219

Total supply:

3,406,219

Max supply:

Market cap:

$9.69B

Fully diluted valuation:

$9.69B

What is the outlook and future value of WSTETH?

The current market cap of WSTETH is $9.69B, ranked 15 in the market, showing that the market already recognizes the value of WSTETH. When a bull market arrives, the market cap of WSTETH may continue to grow.

Moreover, if WSTETH can play a greater role in real-world applications—such as if the Monero developers can fully empower WSTETH and establish partnerships with more business partners to expand its user base—then the long-term value of WSTETH will be further enhanced.

What is the price of WSTETH in 2027?

According to the historical price performance prediction model of WSTETH, the price of WSTETH is expected to reach $2.99K at 2027.

Note: As with any crypto investment, investors should closely monitor WSTETH’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get WSTETH?

Purchasing WSTETH with cash is not the only way to obtain WSTETH. If you have enough time, you can get WSTETH for free.

Learn how to get Hot rewards for free with WSTETH.

Earn free WSTETH by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get WSTETH airdrops for free.

All crypto airdrops and rewards can be exchanged for WSTETH through LBank spot trading.

Buy WSTETH starting from $1

What is WSTETH used for and how to use it?

The use cases for WSTETH may grow with the development of the crypto market and project progress. Currently, you can use WSTETH to:

Arbitrage trading of WSTETH

WSTETH is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many WSTETH trading pairs to suit your needs.

Earn yield with WSTETH

You can also lend out WSTETH or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your WSTETH gains.

Send or pay with WSTETH

If you want to pay someone with WSTETH, you can easily and quickly send WSTETH to them using their receiving address.

You can also visit the official website of Wrapped stETH to learn more use cases of WSTETH, such as whether the Wrapped stETH project supports community/eco apps or buying physical or virtual goods with WSTETH.