Ask about wstGBP

Logo of wstGBPwstGBP

Total Value Locked$109,900

TVL by Chain

Ethereum$109,900

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

WebsiteGitHubX/Twitter
Category:RWA

Sub Category: Treasury Bills

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

Invesco USTB ($558.58m)Ethena USDtb ($492.58m)Huma ($413.5m)Re ($397.05m)Anemoy Capital ($333.44m)OpenTrade ($252.13m)Plume Vaults ($230.22m)Theo Network thUSD ($132.28m)Frax USD ($108.74m)Usual USD0 ($84.45m)

Frequently Asked Questions

What is wstGBP's TVL?

wstGBP currently has $109,900 in total value locked. TVL has increased 12.8% over the past 30 days.

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 #79 by TVL. The category holds $4.678b across 172 protocols, and wstGBP accounts for <0.1% of that total. Other leading protocols include Invesco USTB, Ethena USDtb, Huma, Re, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, and Usual USD0.