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
Average
$4,125.91
2.04%
What is Wrapped stETH (Gnosis)?
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Information
Blockchain
- Gnosis
Key Metrics
- Market Cap: $14.5B
- Fully Diluted Valluation: $14.5B
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #6
- Circulating Supply: 3,528,366
- Total Supply: 3,528,366
- Volume (24H): $194.2M
- ATH: $7,256.02 (05/13/2022)
- ATL: $558.54 (05/13/2022)
Risk Assessment
Average
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.
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 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).
Things to know about wstETH
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