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

$3,756.92

3.06%

What is Wrapped stETH (Gnosis)?

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Information

Blockchain

Gnosis

Info

Key Metrics

Market Cap: $13.5B
Fully Diluted Valluation: $13.5B
FDV / MC: 1
Ranking inside Exponential (excluding stables): #5
Circulating Supply: 3,603,855
Total Supply: 3,603,855
Volume (24H): $43.4M
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

Lido

OmniBridge

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