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Bridged Wrapped stETH (Fuse) WSTETH
WSTETH
4061.6
$
6.68 %
Change 24h
Market Cap
$ 21,963
Volume 24h
$ 3907.0
Circulating Supply
5
WSTETH
$
Description
Bridged Wrapped stETH (Fuse) is a wrapped version of stETH, designed to provide a DeFi-compatible token. It maintains a constant balance through an underlying share system, reflecting staking rewards without daily balance changes. This allows for seamless integrations with various DeFi protocols.
wstETH is a wrapped version of stETH. Due to the nature of Lido, the amount of stETH on your balance is not constant - it changes daily as staking rewards come in. As some DeFi protocols require a constant balance mechanism for tokens, wstETH keeps your balance of stETH fixed and uses an underlying share system to reflect your staking rewards.