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Wrapped stETH(wstETH)

Token Price$2,265

24h Change-2.71%

All Time HighMay 13, 2022$7,256

All Time LowMay 13, 2022$558.54

Key Metrics

Market Cap$8.198b

Fully Diluted Valuation$8.198b

Circ. Supply3.62m wstETH

Volume 24h$2.53m

CEX Volume$0

DEX Volume$2.76m

Risks

How much debt can be issued against wstETH as collateral across lending protocols.

Maximum possible exposure to wstETH

$3.334b

$946.8m (max additional borrows against wstETH) + $2.387b (bad debt if wstETH was hacked now)

Aave V3

$1.236b at-risk exposure = $801.09m bad debt if hacked + $434.47m additional borrowable against wstETH

Compound V3

$203.24m at-risk exposure = $72.86m bad debt if hacked + $130.38m additional borrowable against wstETH

Sky Lending

$130.62m at-risk exposure = $22.14m bad debt if hacked + $108.48m additional borrowable against wstETH

Fluid

$274.74m at-risk exposure = $169.05m bad debt if hacked + $105.68m additional borrowable against wstETH

SparkLend

$1.045b at-risk exposure = $953.72m bad debt if hacked + $91.42m additional borrowable against wstETH

Morpho V1

$401.19m at-risk exposure = $336.12m bad debt if hacked + $65.08m additional borrowable against wstETH

Euler V2

$42.88m at-risk exposure = $31.62m bad debt if hacked + $11.26m additional borrowable against wstETH

Lista Lending

$139,917 at-risk exposure = $103,896 bad debt if hacked + $36,021 additional borrowable against wstETH

Methodology and limitations

Showing collateral exposure for wstETH on onchain. Max Borrowableuses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.

Show exposure details

Each row is one protocol-chain exposure for wstETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Aave V3	Ethereum	wstETH0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0	$362.16m	$783.84m
Compound V3	Ethereum	wstETH0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0	$114.71m	$69.85m
Sky Lending	Ethereum	wstETH0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0	$108.48m	$22.14m
SparkLend	Ethereum	wstETH0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0	$91.42m	$953.72m
Fluid	Ethereum	wstETH0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0	$77.5m	$157.93m
Morpho V1	Ethereum	wstETH0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0	$58.71m	$296.73m
Aave V3	Arbitrum	wstETH0x5979d7b546e38e414f7e9822514be443a4800529	$32.3m	$13.64m
Aave V3	Base	wstETH0xc1cba3fcea344f92d9239c08c0568f6f2f0ee452	$24.52m	—
Fluid	Arbitrum	wstETH0x5979d7b546e38e414f7e9822514be443a4800529	$19.54m	$6.4m
Compound V3	Arbitrum	wstETH0x5979d7b546e38e414f7e9822514be443a4800529	$13.31m	$2.15m

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Rows per page

Token Usage

An is required to view token usage.

Liquidations

An is required to view token liquidations.

Yields

Showing 10 of 74 pools

Pool	Reference	Protocol
1 spwstETHSpark wstETH	wstETH	SparkLend	$2.256b	0.00%	Stable100	564
2 aEthwstETHAave Ethereum wstETH	wstETH	Aave V3	$1.822b	<0.01%	Stable72	4,561
3 wstETH	wstETH	Fluid Lending	$162.95m	0.04%	Stable91	0
4 aEthLidowstETHAave Ethereum Lido wstETH	wstETH	Aave V3	$104.68m	0.06%	Stable93	351
5 ctwstETH+Concrete wrapped Staked ETH +	wstETH	Concrete🪂	$82.48m	0.00%	Stable100	1
6 tETHTreehouse ETH	wstETH	Treehouse Protocol	$52.07m	2.78%	Stable86	10,171
7 aArbwstETHAave Arbitrum wstETH	wstETH	Aave V3	$42.88m	<0.01%	Stable98	4,739
8 aBaswstETHAave Base wstETH	wstETH	Aave V3	$30.28m	<0.01%	Stable96	4,295
9 aGnowstETHAave Gnosis wstETH	wstETH	Aave V3	$29.05m	0.00%	Stable100	492
10 aOptwstETHAave Optimism wstETH	wstETH	Aave V3	$20.47m	<0.01%	Stable97	2,742

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Borrow

Showing 10 of 251 routes

Collateral / Borrow	Protocol
1 wstETH / cbBTC	Moonwell Lending	+1.25%	0.06%	-1.19%0.59%-1.77%	$4.58m	81%
2 wstETH / tBTC	Moonwell Lending	+1.04%	0.06%	-0.98%0.63%-1.60%	$50,382	81%
3 wstETH / weETH	Dolomite	+1.02%	1.02%	<0.01%	$96,127	87%
4 wstETH / LBTC	Moonwell Lending	+0.95%	0.06%	-0.89%0.65%-1.54%	$256,632	81%
5 wstETH / UNI	Dolomite	+0.52%	1.02%	0.50%	$1.32m	87%
6 wstETH / cbBTC	Fluid Lending	+0.07%	0.08%	0.01%	$3.46m	85%
7 wstETH / enzoBTC	Takara Lend🪂	+0.00%	0.00%	0.00%	$16.93m	50%
8 wstETH / M-BTC	Takara Lend🪂	+0.00%	0.00%	0.00%	$2.82m	50%
9 wstETH / WBTC	Fluid Lending	+0.00%	0.00%	0.00%	$86,374	77%
10 wstETH / tETH	Euler V2	-<0.01%	0.00%	<0.01%	$170,904	91%

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