Lido wstETH (WSTETH) Price Up 0.8% Over Last 7 Days

Lido wstETH (WSTETH) traded 1.2% lower against the U.S. dollar during the 24 hour period ending at 0:00 AM ET on June 20th. Lido wstETH has a total market capitalization of $13.61 billion and approximately $40.68 million worth of Lido wstETH was traded on exchanges in the last day. One Lido wstETH token can now be bought for about $4,108.45 or 0.06360613 BTC on cryptocurrency exchanges. In the last seven days, Lido wstETH has traded 0.8% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded 2.8% lower against the dollar and now trades at $0.21 or 0.00000331 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.8% higher against the dollar and now trades at $0.0105 or 0.00000016 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido wstETH Profile

Lido wstETH launched on December 16th, 2020. Lido wstETH’s total supply is 3,312,768 tokens. Lido wstETH’s official Twitter account is @lidofinance. Lido wstETH’s official website is www.lido.fi.

According to CryptoCompare, “An ERC20 token that represents the account’s share of the total supply of stETH tokens. WstETH token’s balance only changes on transfers, unlike StETH that is also changed when oracles report staking rewards and penalties. It’s a “power user” token for DeFi protocols which don’t support rebasable tokens.

The contract is also a trustless wrapper that accepts stETH tokens and mints wstETH in return. Then the user unwraps, the contract burns user’s wstETH and sends user locked stETH in return.

The contract provides the staking shortcut: user can send ETH with regular transfer and get wstETH in return. The contract will send ETH to Lido submit method, staking it and wrapping the received stETH.”

Buying and Selling Lido wstETH

It is usually not currently possible to buy alternative cryptocurrencies such as Lido wstETH directly using US dollars. Investors seeking to trade Lido wstETH should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Lido wstETH using one of the exchanges listed above.

WSTETH/USD price chart by TradingView