TechFlow news, according to the official blog, Lido has announced the launch of wstETH on the Base network.
With support from KyberSwap, Beefy, and Superbridge, the availability of the wstETH Base bridge opens up the benefits of staking ETH to the Base ecosystem, further enhancing Ethereum's liquidity and stability.
Lido's wstETH is a wrapped version of stETH, optimized for DeFi interoperability. Unlike stETH, whose balance increases daily with staking rewards, wstETH is non-rebasing and keeps your balance fixed. Instead, wstETH uses a share system to reflect earned staking rewards.
Holding wstETH earns the same staking rewards as holding stETH, but the rewards are only realized when you choose to unwrap wstETH back into stETH.
Add to Favorites
Share to Social Media
