Wrapped stETHWSTETH
Convert WSTETH to your currency
Last Updated on Sep 27, 2025 11:15 PM
What is Wrapped stETH?
About the coin
wstETH is a wrapped version of stETH, which is a token representing staked Ethereum (ETH) in the Lido protocol. Unlike stETH, which rebases or changes account holdings daily, wstETH functions similarly to a c-token. It represents a pro-rata ownership of the staked ETH, meaning that when someone exits wstETH, they receive their principal stETH along with any earnings accrued.
Main features
Lido is a liquid staking protocol designed for Proof of Stake (POS) blockchains. It provides users with a liquid token that represents their staked collateral and earnings over time. This allows users to participate in decentralized finance (DeFi) activities without the need to run their own infrastructure. The protocol simplifies the staking process and enables users to maintain liquidity while earning staking rewards.
How it works
wstETH is created and destroyed as stETH is wrapped and unwrapped. When users wrap their stETH into wstETH, they receive a token that does not change in quantity but increases in value as staking rewards are accrued. This makes wstETH a convenient option for those looking to hold staked ETH in a form that is compatible with various DeFi protocols, while still benefiting from the staking rewards associated with stETH.
Wallet for Wrapped stETH
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Tangem supports networks for Wrapped stETH
- Ethereum
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Wrapped stETH FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Staked ether (stETH) is a cryptocurrency token that aimsto represent an Ethereum token that is "staked" or deposited to support blockchain operations. The token is designed on Lido, a decentralized finance protocol.
- This is becauseETH is widely traded across many platforms, while wstETH is mostly used by people involved in DeFi activities like borrowing, lending, or farming additional rewards. In short, wstETH is perfect for those who want to stake their ETH and earn rewards without locking it up.
- Wrapped stETH (WSTETH) isa token that represents a stable version of staked Ether, designed for use in decentralized finance (DeFi) applications. It is a wrapped version of stETH, which is obtained by staking ETH through Lido's liquid staking platform.
How to secure Wrapped stETH with Tangem Wallet?
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Why choose Wrapped stETH wallet with Tangem.
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