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TürkçeWrapped stETH Information
Wrapped stETH is a tokenized version of staked Ether, allowing holders to unlock liquidity while still earning rewards from Ethereum's proof-of-stake consensus. It provides a flexible tool for integrating staked Ether into various decentralized finance applications, enhancing utility and accessibility. By bridging the gap between staking and liquidity, Wrapped stETH opens new opportunities for innovation within the Ethereum ecosystem.
Introduction to Wrapped stETH
Wrapped stETH (wstETH) is a fascinating development in the world of decentralized finance (DeFi), built upon the Ethereum blockchain. Designed to be a tokenized version of stETH, it represents staked Ether on Lido Finance, offering enhanced utility and flexibility across various platforms.
The Mechanics Behind Wrapped stETH
Unlike its counterpart stETH, Wrapped stETH is an ERC-20 token that allows for seamless integration into the Ethereum ecosystem of decentralized applications. This tokenization aspect ensures that wstETH can be leveraged in DeFi platforms where stETH itself may not be directly compatible.
The Pros of Wrapped stETH
One significant advantage of wstETH is its usability. By wrapping stETH into an ERC-20 format, it opens up opportunities in decentralized exchanges, yield farming, and liquidity pools. Additionally, wstETH retains the value associated with staked Ethereum, offering users the ability to earn rewards while utilizing their assets in various DeFi applications.
Challenges and Considerations
Despite its utilities, Wrapped stETH isn't without challenges. Its value is directly tied to the performance and security of the Ethereum network, including the smart contracts of Lido Finance. Additionally, the volatility of the crypto market can impact wstETH's appeal as an investment.
Historical Performance
The price history of wstETH reflects the broader trends of the cryptocurrency market. Notably, it reached its all-time high of $7256.02 in May 2022. However, it has since experienced significant fluctuations, dropping around 58.46% from its ATH. Conversely, it has risen significantly from its all-time low of $558.54, showcasing its resilience and potential for growth.
Future Outlook
The future of Wrapped stETH is closely tied to the adoption of Ethereum 2.0 and the DeFi market's expansion. As the Ethereum network continues to evolve, with its transition towards a more scalable and energy-efficient model, products like wstETH could see increased demand. Furthermore, as more investors and developers recognize the benefits of DeFi, Wrapped stETH might become a staple token for leveraging staked Ether in various applications.
Conclusion
Wrapped stETH presents an exciting opportunity in the DeFi landscape, balancing the value of staked Ether with the utility of an ERC-20 token. Despite market volatility, its integration potential and the growth of the Ethereum network position it as a promising asset for the future.
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from price
$3,949
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General Information |
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Title
Wrapped stETH
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Symbol
wsteth
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
3949.08
$
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High 24h
3991.75
$
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Low 24h
3795.14
$
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Price Change 24h
63.52
$
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Price Change % 24h
1.63475
%
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Market Data |
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Market Cap
13702614582
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Total Volume
116935982
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Market Cap Change 24h
254532468
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Market Cap Change % 24h
1.8927
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
3474400.4681576
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Total Supply
3474400.4681576
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Max Supply
-
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Historical Data |
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All Time High (ATH)
7256.02
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ATH Change %
-45.5427
%
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ATH Date
2022-05-13 15:09
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All Time Low (ATL)
558.54
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ATL Change %
607.4573
%
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ATL Date
2022-05-13 01:36
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