Asset Guide - wstETH
Guide to wstETH on Sei
Last updated
Guide to wstETH on Sei
Last updated
wstETH (Wrapped stETH) is the wrapped, non rebasing version of Lido’s staked ETH. It represents a user’s share of stETH and accrues staking rewards through an increase in its value relative to ETH, rather than through an increasing token balance. It is ERC20 compatible and designed for seamless integration across DeFi protocols.
You can get wstETH from:
On-chain swaps via Sei based DEXs like Symphony.
Decentralized platforms like Uniswap and 1inch.
Lido’s official app by wrapping stETH.
Centralized exchanges such as OKX or Bybit (check availability).
Stake ETH on Lido Finance for stETH.
Acquire ETH from a CEX or swap on a DEX.
Stake ETH on Lido Finance.
Approve the transaction.
Bridge wstETH to Sei.
Navigate to Yei Bridge.
Select your source chain and Sei as the destination.
Approve the transaction.
Deposit wstETH.
Navigate to Yei Finance.
Locate wstETH and click "Supply".
Enter the amount and confirm the transaction.
🎉 That’s it! You are now utilizing your wstETH to earn rewards and Yei points.
Cross chain.
Navigate to Yei Bridge.
Select Sei as the source chain and choose your destination chain.
Approve the transaction.