Wrapped stETH (Manta)

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
Watch Out
$4,674.83
5.48%
What is Wrapped stETH (Manta)?

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Information
Blockchain
  • Manta
Info
Key Metrics
  • Fully Diluted Valluation: $183.2K
  • Total Supply: 39
  • Volume (24H): $847.4
  • ATH: $2,293,968.00 (12/10/2023)
  • ATL: $1,740.76 (10/12/2023)
Risk Assessment
Watch Out
Asset Strength

wstETH is a large-cap, fully collateralized asset. This asset is exposed to the underlying risks of Lido and Manta Pacific bridge, which are protocols rated as Best and Watch out, respectively.

Dependencies

Lido

Manta Pacific bridge

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 Manta Pacfic 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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