| General information | |
|---|---|
| Global rank: | 202 |
| Name: |
Lido wstETH |
| Symbol: | WSTETH |
| Current coin price (PHP): | 227 281.66 ₱ |
| Last hour: | arrow_downward-1.25 % |
| Last 24 hours: | arrow_downward-3.46 % |
| Last 7 days: | -9.92 %trending_down |
| Capitalisation (PHP): | 739 397 530 830.77 ₱ |
| Volume 24h (PHP): | 1 422 038 136.74 ₱ |
| Available supply: | 3 253 221.00 WSTETH |
| Total coin supply: | -1 WSTETH |
| Start date: | 2021-02-19 |
Lido wstETH/Philippine Peso (WSTETH/PHP) price chart
Lido wstETH/Philippine Peso (WSTETH/PHP) capitalisation and volume charts
An ERC20 token that represents the account's share of the total supply of stETH tokens. WstETH token's balance only changes on transfers, unlike StETH that is also changed when oracles report staking rewards and penalties. It's a "power user" token for DeFi protocols which don't support rebasable tokens.
The contract is also a trustless wrapper that accepts stETH tokens and mints wstETH in return. Then the user unwraps, the contract burns user's wstETH and sends user locked stETH in return.
The contract provides the staking shortcut: user can send ETH with regular transfer and get wstETH in return. The contract will send ETH to Lido submit method, staking it and wrapping the received stETH.