Volume (24h)
$3.62M
0.03 %
Total supply
21,694 WSTUSDT
Max. supply
838,756,084 WSTUSDT
Wrapped Staked Tether (WSTUSDT)
$ 1.08
0.03 %
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Key data
updated $0Market cap$0
Volume 24h$3.62M
All-time high$8.94-88% from peak · 2024-11-20
Wrapped Staked Tether (WSTUSDT) is a tokenized version of staked Tether (USDT) that allows holders to earn rewards while maintaining liquidity. It represents USDT deposited in a staking protocol, wrapped for use across DeFi platforms. Think of it as 'yield-bearing USDT' that you can trade or use in decentralized apps.
Frequently asked questions
What is WSTUSDT and how does it differ from regular USDT?
WSTUSDT is interest-earning USDT that's been staked and wrapped into a tradable token, unlike static USDT. It combines Tether's stability with staking rewards while remaining liquid.
How does the wrapping and staking technology work?
Users deposit USDT into a smart contract that stakes it in a yield protocol, then mints WSTUSDT tokens 1:1. The wrapped tokens automatically accrue staking rewards.
Who controls WSTUSDT's supply and how is it issued?
Supply adjusts dynamically as users stake/unstake USDT through the protocol's smart contracts. New WSTUSDT is minted only when USDT is staked, and burned when redeemed.
How do I store and use WSTUSDT?
Use any ERC-20 or BEP-20 compatible wallet (like MetaMask). It functions like other tokens for trading, lending, or as collateral in DeFi, while earning staking yields.