Lido Wrapped Staked ETH (wstETH) is currently priced at $2,917.96 USD. The price has decreased 0.01% in the last 24 hours. It has a market capitalization of $9,926,076,766.159. Fully diluted valuation: $9,926,076,766.159. Circulating supply is 3,401,723.643 wstETH. Total supply is 3,401,723.643 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.
