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wstETH Price
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Ethereum
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wstETH is a wrapped version of staked ETH (stETH) in Lido protocol.
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. wstETH is minted and burned as stETH is wrapped and unwrapped.
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.
Wrapped stETH's current price is $ 4,137, it has increased +15.6% over the past 24 hours.
Wrapped stETH's All Time High (ATH) of $ 5,676 was reached on 16 Feb 2023, and is currently -27.1% down.
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