Lido wstETH (WSTETH) Price Reaches $2,905.80 on Top Exchanges

Lido wstETH (WSTETH) traded 4.9% higher against the US dollar during the 1-day period ending at 20:00 PM ET on September 19th. One Lido wstETH token can now be bought for approximately $2,905.80 or 0.04620066 BTC on major cryptocurrency exchanges. Over the last seven days, Lido wstETH has traded up 4.5% against the US dollar. Lido wstETH has a market cap of $10.56 billion and approximately $21.12 million worth of Lido wstETH was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 3.4% lower against the dollar and now trades at $0.0384 or 0.00000061 BTC.
• P2P Solutions foundation (P2PS) traded 3.5% higher against the dollar and now trades at $159.57 or 0.00253705 BTC.

Lido wstETH Token Profile

Lido wstETH’s launch date was December 16th, 2020. Lido wstETH’s total supply is 3,635,533 tokens. The official website for Lido wstETH is www.lido.fi. Lido wstETH’s official Twitter account is @lidofinance.

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 U.S. dollars. Investors seeking to acquire Lido wstETH should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Lido wstETH using one of the exchanges listed above.

WSTETH/USD price chart by TradingView