Wrapped stETH Price (WSTETH)

What is Wrapped stETH (WSTETH)

wstETH is a wrapped version of stETH. Instead of rebasing, or changing account holdings daily it is similar to a c-token. It represents a pro-rata ownership of the staked ETH (stETH). When someone exits wstETH they are returned principal stETH + stETH earnings. Lido is a liquid staking protocol for POS blockchains. It gives you a liquid token that represents your staked collateral and earnings over time. Lido removes the need to run infrastructure and enabling continued participation in DeFi. wstETH is minted and burned as stETH is wrapped and unwrapped.

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Wrapped stETH (WSTETH) Tokenomics

Understanding the tokenomics of Wrapped stETH (WSTETH) can provide deeper insight into its long-term value and growth potential. From how tokens are distributed to how the supply is managed, tokenomics reveal the core structure of a project's economy. Learn about WSTETH token's extensive tokenomics now!

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