Logo of wstGBPwstGBP
Total Value Locked$114,832.08

TVL by Chain

Ethereum$114,832.08

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

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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

BlackRock BUIDL ($3.589b)Tether Gold ($3.319b)Circle USYC ($2.924b)Ondo Yield Assets ($2.542b)Spiko ($2.472b)Paxos Gold ($2.003b)Centrifuge Protocol ($1.64b)Ondo Global Markets ($960.72m)Anemoy Capital ($873.67m)WisdomTree ($778.56m)

Frequently Asked Questions

What is wstGBP's TVL?

wstGBP currently has $114,832.08 in total value locked. TVL has increased 319.3% 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 #100 by TVL. The category holds $27.76b across 146 protocols, and wstGBP accounts for <0.1% of that total. Other leading protocols include BlackRock BUIDL, Tether Gold, Circle USYC, Ondo Yield Assets, Spiko, Paxos Gold, Centrifuge Protocol, Ondo Global Markets, Anemoy Capital, and WisdomTree.