Wrapped stETH (Gnosis)
wstETH
wstETH is a DeFi-compatible version of stETH. stETH is a tradeable receipt of ETH locked through Lido to secure the Ethereum chain.
Risk Rating
Best
$3,460.81
1.41%
Summary
Risk Assessment
Best
Asset Strength
wstETH is a mid-cap, fully collateralized asset. This asset is exposed to the underlying risks of Lido and OmniBridge, which are protocols rated as Good and Watch out, respectively.
Asset Tokenomics
wstETH has an uncapped supply but has inflation control or burn mechanisms in place. wstETH is backed 1:1 by ETH staked on the Ethereum chain. The asset accrues staking rewards automatically. wstETH can trade at a discount to 1 ETH as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (Lido smart contract bugs).
Dependencies
Lido
OmniBridge
Things to know about wstETH
wstETH Pools
