wstETH is a DeFi-compatible version of stETH that does not rebase and instead accrues yield through an increasing exchange rate of wstETH to ETH.

wstETH

Wrapped stETH (Linea)

Risk Rating

green

Best

Blockchain

Info

Key Metrics

Information

Wrapped stETH (Linea) 0xB5beDd42000b71FddE22D3eE8a79Bd49A568fC8F wstETH is a DeFi-compatible version of stETH that does not rebase and instead accrues yield through an increasing exchange rate of wstETH to ETH.

Mendi ETH Lending

wstETH Pools

**wstETH** is a large-cap, fully collateralized asset. This asset is exposed to the underlying risks of Lido and Linea bridge, which are protocols rated as Best and Good, respectively.

Asset Strength

**wstETH** has an uncapped supply but has inflation control or burn mechanisms in place. wstETH is backed 1:1 by ETH staked on the Linea bridge protocol on Ethereum. 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). 