Lido wstETH

wstETH is primarily used to integrate staked Ether into DeFi platforms that do not support rebasing tokens. By wrapping stETH into wstETH, users can participate in DeFi activities such as lending, borrowing, and providing liquidity without affecting their token balances. Additionally, wstETH allows for seamless bridging of staked Ether to Layer 2 solutions and other blockchain networks, enhancing its utility across multiple ecosystems.

Key Features

• Non-rebasing: Maintains a constant token balance, with value appreciation reflecting staking rewards.

• DeFi Compatibility: Designed for integration with DeFi protocols requiring fixed token balances.

• Cross-Chain Utility: Facilitates bridging of staked Ether to Layer 2 networks and other blockchains.