Wrapped stETH (Base)
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
Summary
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Information
Blockchain
- Base
Info
- Asset Type: ERC-20
Key Metrics
Risk Assessment
Best
Asset Strength
wstETH is a mid-cap, fully collateralized asset. This asset is exposed to the underlying risks of Lido and Base bridge, which are protocols rated as Best and Average, respectively.
Dependencies
Wrapped stETH (Base) has no dependencies.
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 Base 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).
Things to know about wstETH
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