Ask about wstGBP
Logo of wstGBPwstGBP
Total Value Locked$27,388.04

TVL by Chain

Ethereum$27,388.04

Protocol Information

wstGBP is a non-rebasing, NAV-accruing wrapper for tGBP. Its GBP-denominated redemption value accrues through regular oracle updates while token balances remain constant

Category:RWA

Sub Category: Treasury Bills

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Methodology

TVL: TVL is the tGBP reserve held by the Ethereum wstGBP contract. wstGBP is a non-rebasing token whose redemption value accrues through an oracle-updated NAV: minting deposits tGBP, while redeeming burns wstGBP and pays tGBP at NAV less the configured redemption fee. Canonically bridged wstGBP on L2s and sidechains is excluded because the corresponding Ethereum wstGBP is locked in bridge escrow and remains backed by the same tGBP reserve.View code on GitHub

Competitors

BlackRock BUIDL ($3.443b)Circle USYC ($3.005b)Tether Gold ($2.891b)Ondo Yield Assets ($2.575b)Spiko ($2.26b)Paxos Gold ($1.803b)Centrifuge Protocol ($1.629b)Ondo Global Markets ($943.81m)Anemoy Capital ($870.19m)WisdomTree ($778.01m)

Frequently Asked Questions

What is wstGBP?

wstGBP is a non-rebasing, NAV-accruing wrapper for tGBP. Its GBP-denominated redemption value accrues through regular oracle updates while token balances remain constant

What is wstGBP's TVL?

wstGBP currently has $27,388.04 in total value locked.

What chains does wstGBP operate on?

wstGBP operates on Ethereum. Ethereum holds the largest share at 100%.

How does wstGBP's TVL compare to similar protocols?

Among RWA protocols tracked by DefiLlama, wstGBP ranks #96 by TVL. The category holds $26.63b across 132 protocols, and wstGBP accounts for <0.1% of that total. Other leading protocols include Securitize, Ondo Finance, and Circle.