About Leveraged stETH
xstETH token, also called leveraged stETH, is a decentralized, composable leveraged long stETH futures contract with a low risk of liquidations and a 0 funding fee. To create a stable-leverage pair, f(x) holds a reserve of some base token. To start, let’s consider stETH. Minted against that stETH reserve are two types of derivative tokens; one stable, and one volatile(xstETH). At all times, the total market cap of the two derivative tokens is held equal to the value of the reserve, and any derivative token can be redeemed at any time for its share of the reserve base token. The volatile token price rises at a multiple rate of stETH. Based on the performance of xETH, this multiple generally varies between 1.5x- 4x, though it can rise as high as 4.3X before the protocol responds to limit it.
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Market Stats
Market Cap
Not enough data
FDV
Not enough data
Circ. Supply
Not enough data
Max Supply
Not enough data
Total Supply
3.7K XSTETH
Diluted Valuation
$2.88K
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.78
Price Change (1Y)
-8.08%
Additional details
Market details
XSTETH vs markets
↘ 14.72%
XSTETH vs BTC
↘ 12.52%
XSTETH vs ETH
↘ 6.22%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x5a097b014C547718e79030a077A91Ae37679EfF5 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.78 | ↗ 6.84% |
1 Day | $0.73 | ↗ 6.84% |
1 Week | $0.90 | ↘ 14.62% |
1 Month | $1.02 | ↘ 24.40% |
1 Year | $0.84 | ↘ 8.08% |
FAQ
We update our Leveraged stETH to USD currency in real-time. Get the live price of Leveraged stETH on Coinbase.
The current market cap of Leveraged stETH is $0.00. A high market cap implies that the asset is highly valued by the market.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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