wstETH/WETH Price Stats
The current price of wstETH (wstETH/WETH) on Uniswap V3 (Arbitrum) is $1,962.07, the price is up -1.52% in the last 24 hours. Its 24-hour trading volume is reported to be at $90.96 with a total of 9 transactions. wstETH/WETH contract address is 0x7103b8f34473c7812818c55eb127d1f590f67d84, with a Fully Diluted Valuation (FDV) of $59.51M and a liquidity pool of $114.62K.
About Wrapped liquid staked Ether 2.0 (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.