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
What is Wrapped stETH (Base)?

Ready to earn 15% yield or more with Exponential ?

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

Ready to
earn 15%+
yield?

Start earningarrow_forward
wstETH Pools
Aerodrome ETH Market Making
5.8%
Yield
$5M
TVL
Risk
C
Protocol
Aerodrome
Chain
Base
Beefy (Uniswap) ETH Market Making
2.5%
Yield
$121K
TVL
Risk
C
Protocol
Beefy
Chain
Base

Get more from your crypto -
earn 15% yield or more

Start earningarrow_forward