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  1. Bitcompare
  2. Wrapped stETH (WSTETH)

Latest Wrapped stETH (WSTETH) Interest Rates

Wrapped stETH (WSTETH) Lending Rates

PlatformCoinInterest rate
AaveWrapped stETH (WSTETH)Up to 0.45% APY
CompoundWrapped stETH (WSTETH)Up to 0.31% APY
See all 21 lending rates

Wrapped stETH (WSTETH) Borrowing Rates

PlatformCoinInterest rate
AaveWrapped stETH (WSTETH)From 0.33% APR
CompoundWrapped stETH (WSTETH)From 1% APR
See all 14 borrowing rates
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Wrapped stETH Buying Guide

How to earn Wrapped stETH
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Frequently Asked Questions About Wrapped stETH (WSTETH)

What is Wrapped stETH (WSTETH)?
Wrapped stETH (WSTETH) is a tokenized version of staked Ether (stETH), allowing users to leverage their staked assets in decentralized finance (DeFi) applications. By wrapping stETH, holders can access liquidity while still earning staking rewards. This innovative approach facilitates participation in various lending and earning protocols, enhancing the utility of staked Ether. It is important to stay informed about Wrapped stETH to optimize your DeFi strategies and manage your investments effectively.

About Wrapped stETH (WSTETH)

Wrapped stETH (WSTETH) is a tokenized version of staked Ether (stETH) that allows users to utilize their staked assets in the DeFi ecosystem while enjoying the benefits of staking. WSTETH is created by wrapping stETH, which is earned through the Ethereum 2.
WSTETH has several key use cases in the decentralized finance (DeFi) space, primarily by providing liquidity and enabling users to earn additional yields on their staked assets. A notable application is in lending protocols, where users can use WSTETH as collateral to borrow other cryptocurrencies...
The tokenomics of Wrapped stETH (WSTETH) are directly linked to its underlying asset, staked Ether (stETH), created through the Ethereum 2.0 staking process. WSTETH is minted on a 1:1 basis with stETH, ensuring a direct correlation between the two tokens.
The security of Wrapped stETH (WSTETH) is closely tied to the Ethereum blockchain's robust architecture, which utilizes a Proof of Stake (PoS) consensus mechanism. Validators propose and validate new blocks based on their staked Ether, incentivizing honest behavior through penalties for malicious...
The development roadmap for Wrapped stETH (WSTETH) aims to improve its integration within the DeFi ecosystem and enhance user experience. Key milestones include the successful launch of the wrapping mechanism, allowing users to convert staked Ether (stETH) into WSTETH at a 1:1 ratio.

How to Keep Your Wrapped stETH (WSTETH) Safe

To ensure the security of your Wrapped stETH (WSTETH), consider using a hardware wallet, such as Ledger or Trezor, which provides a secure environment for storing your private keys offline, significantly reducing the risk of online hacks. For private key management, always generate and store your keys in a secure, offline manner, and never share them; consider using a password manager for added security. Be aware of common security risks, such as phishing attacks and malware, and mitigate these by enabling two-factor authentication (2FA) on your accounts and regularly updating your software. Implementing multi-signature wallets can enhance security by requiring multiple approvals for transactions, thereby reducing the risk of unauthorized access. Lastly, establish a robust backup procedure by securely storing multiple copies of your wallet recovery phrases and private keys in different physical locations to ensure access in case of loss or theft.

How Wrapped stETH (WSTETH) Works

Wrapped stETH (WSTETH) operates on the Ethereum blockchain, utilizing its decentralized architecture to represent staked Ether in a wrapped format. The consensus mechanism employed is Proof of Stake (PoS), which enhances energy efficiency and security by allowing validators to create new blocks based on the amount of Ether they hold and are willing to stake as collateral. Transaction validation occurs through a network of validators who propose and attest to blocks, ensuring that all transactions are verified and recorded on the blockchain. Network security is strengthened by economic incentives for validators to act honestly, as malicious behavior can result in penalties, including the slashing of staked assets. Unique technical features of Wrapped stETH include its ability to maintain a 1:1 peg with staked Ether while allowing users to engage in decentralized finance (DeFi) activities, such as lending and earning interest, without relinquishing their staked position.

Top Pairs for Wrapped stETH

AVAXAVAXWSTETHWSTETH
BTCBTCWSTETHWSTETH
BNBBNBWSTETHWSTETH
ADAADAWSTETHWSTETH
LINKLINKWSTETHWSTETH
DOGEDOGEWSTETHWSTETH
ETHETHWSTETHWSTETH
STETHSTETHWSTETHWSTETH
DOTDOTWSTETHWSTETH
SHIBSHIBWSTETHWSTETH
SOLSOLWSTETHWSTETH
XLMXLMWSTETHWSTETH
Wrapped stETH logo

Wrapped stETH

WSTETH • Cryptocurrency

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Price of Wrapped stETH (WSTETH) Today

As of the latest data, Wrapped stETH (WSTETH) is currently priced at $3,938.52 with a market capitalization of $12,288,227,238.63. The 24-hour trading volume stands at $60,890,607.00, The circulating supply of Wrapped stETH is approximately 3120011.384638999. The cryptocurrency has seen a -5.11% decrease in value over the past 24 hours.

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