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 LidoDAO launches official version of wstETH on Base

LidoDAO launches official version of wstETH on Base


Published: 2023-11-08


1. Launch of Lido's Official Version of wstETH on Ethereum Mainnet Lido,a decentralized finance (DeFi) project,has officially launched the wstETH (Wrapped stETH) token on the Ethereum mainnet. The wstETH token is a wrapped version of stETH,which represents a stake in the Ethereum 2.0 Beacon Chain. By providing liquidity to Lido's staking pool,token holders can automatically receive wstETH in exchange.

2. Benefits and Liquidity of wstETH With the launch of wstETH,Lido aims to enhance liquidity for stETH and provide more opportunities for users to participate in Ethereum staking. The wrapped token provides benefits such as flexibility,enabling staked Ethereum to be used in other DeFi protocols and minimizing lock-up periods. The introduction of wstETH is expected to increase the availability of stETH on decentralized exchanges (DEXs),allowing users to trade,lend or borrow the token easily,contributing to the overall growth of the Ethereum ecosystem.

3. Lido's Governance Token and Future Roadmap Lido utilizes a decentralized autonomous organization (DAO) structure and has also introduced its governance token,LDO,which allows token holders to actively participate in the decision-making process of the platform. Lido plans to implement a gradual decentralization process over time,where LDO token holders will have increased control over various aspects of the protocol. In terms of future plans,Lido aims to expand its product offerings beyond Ethereum staking to include staking services for other prominent blockchains. The project also aims to implement additional features to enhance the functionalities of the wstETH token and further improve the overall user experience. Overall,the launch of the official version of wstETH on the Ethereum mainnet by Lido is a significant development for the Ethereum staking ecosystem. It provides more liquidity and flexibility for stETH holders,while furthering the decentralization and governance capabilities of the Lido project.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,080.60 2,539,232,600.30
2 BTC title=BTC 63,080.01 1,512,822,893.56
3 ETH title=ETH 3,043.38 864,474,086.95
4 SOL title=SOL 151.47 683,391,087.57
5 PEPE title=PEPE <0.01 280,023,443.05
6 ENA title=ENA 0.93 249,867,316.84
7 DOGE title=DOGE 0.15 210,117,819.76
8 WIF title=WIF 3.25 207,104,083.18
9 XRP title=XRP 0.54 183,596,303.26
10 RNDR title=RNDR 10.70 172,451,732.84
11 WLD title=WLD 6.07 143,437,411.52
12 NEAR title=NEAR 7.37 136,525,001.11
13 BOME title=BOME 0.01 130,558,832.95
14 RUNE title=RUNE 5.26 94,252,777.74
15 AVAX title=AVAX 36.36 67,516,200.56
16 JTO title=JTO 3.97 63,365,495.91
17 ARKM title=ARKM 2.57 57,303,221.90
18 SUI title=SUI 1.11 57,235,332.21
19 BONK title=BONK <0.01 55,158,122.87
20 AR title=AR 38.33 51,127,842.91
21 ETHFI title=ETHFI 3.87 45,934,311.14
22 FLOKI title=FLOKI <0.01 45,633,423.86
23 ORDI title=ORDI 38.40 42,271,474.89
24 POWR title=POWR 0.34 38,144,305.35
25 ADA title=ADA 0.45 37,844,368.21
26 FIL title=FIL 5.91 37,538,946.92
27 MATIC title=MATIC 0.71 37,170,295.97

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Ethernity Chain title=ERN 5.29 +19.51
2 Voyager title=VGX 0.09 +13.79
3 Akropolis title=AKRO <0.01 +13.31
4 Firo title=FIRO 1.86 +11.69
5 Jito title=JTO 3.97 +11.42
6 NULS title=NULS 0.69 +8.95
7 Paris Saint-Germain Fan Token title=PSG 5.42 +8.30
8 Ethena title=ENA 0.93 +7.65
9 Powerledger title=POWR 0.34 +7.31
10 Render title=RNDR 10.70 +7.06
11 Acala title=ACA 0.12 +6.68
12 BasedSwap title=BSW 0.08 +4.48
13 Chiliz title=CHZ 0.13 +4.18
14 ConstitutionDAO title=PEOPLE 0.03 +4.04
15 Metal DAO title=MTL 1.75 +3.73
16 IDEX title=IDEX 0.07 +3.55
17 iExec RLC title=RLC 3.11 +3.53
18 SuperRare title=RARE 0.12 +3.50
19 TrueFi title=TRU 0.12 +3.37
20 Dego Finance title=DEGO 2.34 +2.99
21 Portal title=PORTAL 0.84 +2.94
22 BinaryX [OLD] title=BNX 0.99 +2.90
23 TROY title=TROY <0.01 +2.84
24 Theta Fuel title=TFUEL 0.11 +2.81
25 IQ title=IQ 0.01 +2.73
26 Aave title=AAVE 91.13 +2.31
27 Chromia title=CHR 0.28 +2.01
28 Polymesh title=POLYX 0.40 +2.00
29 IRISnet title=IRIS 0.03 +1.90
30 OG Fan Token title=OG 4.60 +1.86

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 REZ 0.15 -10.48
2 LeverFi title=LEVER <0.01 -8.04
3 Celestia title=TIA 9.70 -6.19
4 Saga title=SAGA 3.04 -6.17
5 BOOK OF MEME title=BOME 0.01 -6.08
6 Arweave title=AR 38.33 -5.36
7 OAX title=OAX 0.22 -5.24
8 QuarkChain title=QKC 0.01 -5.13
9 Ooki title=OOKI <0.01 -5.09
10 FC Porto title=PORTO 2.51 -5.00
11 Dymension title=DYM 3.11 -4.75
12 Pepe title=PEPE <0.01 -4.68
13 Omni Network title=OMNI 17.85 -4.55
14 Synthetix Network title=SNX 2.69 -4.38
15 Starknet title=STRK 1.27 -4.37
16 Terra Luna Classic title=LUNC <0.01 -4.16
17 Cortex title=CTXC 0.37 -4.14
18 High title=HIGH 3.96 -4.09
19 Pyth Network title=PYTH 0.52 -4.08
20 Optimism title=OP 2.70 -3.95
21 Cats Of Sol title=COS 0.01 -3.92
22 dYdX title=DYDX 2.14 -3.91
23 Filecoin title=FIL 5.91 -3.85
24 TerraClassicUSD title=USTC 0.02 -3.77
25 Viction title=VIC 0.58 -3.71
26 Magic title=MAGIC 0.75 -3.68
27 Grok title=XAI 0.71 -3.67
28 Oasis Network title=ROSE 0.09 -3.62
29 Neutron title=NTRN 0.72 -3.57
30 UMA title=UMA 2.66 -3.52

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