wstETH is a DeFi-compatible version of stETH. stETH is a tradeable receipt of ETH locked through Lido to secure the Ethereum chain.

wstETH

Wrapped stETH (Optimism)

$3,832.51

Risk Rating

green

Best

Blockchain

* [Source Code](https://github.com/lidofinance) 
* [Website](https://lido.fi/) 
* [Discord](https://discord.gg/dMqN4GYq) 
* [Reddit](https://www.reddit.com/r/LidoFinance/) 
* [Community](https://etherscan.io/token/0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0) 
* [Telegram](https://t.me/lidofinance) 
* [Twitter](https://twitter.com/LidoFinance) 
* [Contract address](https://optimistic.etherscan.io/token/0x1f32b1c2345538c0c6f582fcb022739c4a194ebb) 
* Asset Type: ERC-20

Info

* Fully Diluted Valluation: $11.4B 
* Total Supply: 2,970,611 
* Volume (24H): $183.3M 
* ATH: $7,256.02 (05/13/2022) 
* ATL: $558.54 (05/13/2022)

Key Metrics

Information

Wrapped stETH (Optimism) 0x1f32b1c2345538c0c6f582fcb022739c4a194ebb wstETH is a DeFi-compatible version of stETH. stETH is a tradeable receipt of ETH locked through Lido to secure the Ethereum chain.

wstETH Pools

**wstETH** is a mid-cap, fully collateralized asset. This asset is exposed to the underlying risks of Lido and Optimism bridge, which are protocols both rated as Average.

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 Ethereum chain. wstETH will be redeemable for ETH in late-2023. 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).