September 16, 2024
- October 16, 2024
Start Price (09/16/2024)
$2721.76
End Price (10/16/2024)
$3070.01
Website:
https://lido.fi/
Platform:
Ethereum
Contract Address:
0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0
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.