Wrapped stETH (WSTETH)
Wrapped stETH (WSTETH) is a token that provides a stable representation of staked Ether (stETH) without the rebasing mechanism, making it suitable for various decentralized finance (DeFi) applications. Developed by Lido, a liquid staking platform, WSTETH is designed to maintain a constant balance, unlike stETH, which undergoes regular rebasing. Overview Lido launched the WSTETH token […]
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