Kryptopriser -Bridged Wrapped stETH
axl-wsteth
Bridged Wrapped stETH
NOK 21,547
24h: 0.00%7d: 0.00%30d: -10.18%1y: -26.34%
NOK 21,547
Axelar Wrapped Staked Ethereum (wstETH) by Lido is a token representing Lido Staked Ethereum (stETH) that has been wrapped to maintain a constant balance. This wrapped version facilitates easier integration across various decentralized finance (DeFi) protocols and blockchain networks, particularly those compatible with Axelar's cross-chain infrastructure.
wstETH is a wrapped version of stETH, which itself represents staked Ethereum on the Beacon Chain. Unlike stETH, whose balance increases daily with staking rewards, wstETH maintains a static balance. The value accrual for wstETH is reflected in its increasing exchange rate against ETH over time.
Axelar provides the cross-chain interoperability layer that enables wstETH to be transferred and utilized across different blockchain ecosystems. This bridging mechanism allows users to access the benefits of Lido's liquid staking solution on a wider range of decentralized applications and platforms beyond the Ethereum network.