wstETH by Lido
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Lido is a leading liquid staking protocol built on the Ethereum blockchain, offering a secure and accessible way for users to stake their ETH while maintaining liquidity. As one of the largest staking providers in the Ethereum ecosystem, Lido enables users to earn staking rewards without the technical complexity or minimum requirements of running their own validator.
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wstETH (Wrapped Staked ETH) is Lido's wrapped version of stETH (Staked ETH), designed to provide enhanced composability and integration capabilities within the DeFi ecosystem. When users stake their ETH through Lido, they receive stETH, which represents their staked ETH position. wstETH is then created by wrapping stETH, making it compatible with ERC-20 standards and easier to integrate with various DeFi protocols. This makes wstETH an ideal collateral asset for protocols like ETH0, as it combines the security of staked ETH with the flexibility of a wrapped token.
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