Bridged Wrapped stETH (Axelar) AXL-WSTETH
1. Summary
- Price
-
$2,606.39 -6.6%
- Market Cap
- $0.00 (#6759)
- Supply
- 0.00 /
- Description
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Bridged Wrapped stETH (Axelar) is a token created by Axelar, leveraging Lido's wrapped staked Ethereum (wstETH) to facilitate cross-chain liquidity. Symbolized as AXL-WSTETH, this token integrates Axelar's message passing and is secured by Axelar's decentralized validator set.
Bridged Wrapped stETH (Axelar) is a token created by Axelar, leveraging Lido's wrapped staked Ethereum (wstETH) to facilitate cross-chain liquidity. Symbolized as AXL-WSTETH, this token integrates Axelar's message passing and is secured by Axelar's decentralized validator set.
Key Features
- Enables cross-chain swaps across Ethereum, Arbitrum, and Optimism via native bridges.
- Utilizes Squid, a cross-chain liquidity router, to facilitate quick bridging between networks.
- Wrapped stETH allows for easier integrations with DeFi protocols like Uniswap and MakerDAO.
- Provides users with a DeFi-compatible version of stETH, allowing for participation in decentralized finance opportunities.
- Bridged version of Lido's wstETH incorporates Axelar's decentralized validator set and integrates with other DeFi platforms.
Token Mechanisms
- wstETH is secured by Axelar’s proof-of-stake consensus.
- The token maintains a fixed balance mechanism to ensure staking rewards are reflected without daily changes, known as rebasing.
- Rebasable tokens like stETH are designed to update their balance daily to reflect staking rewards.
- Wrapping stETH into wstETH ensures a fixed balance, making it compatible with DeFi protocols that require a constant balance mechanism.
Integration and Compatibility
- Listed on multiple exchanges, including decentralized exchanges.
- Compatible with MetaMask, allowing users to view token holdings and trade on the platform.
- Has integrations with various DeFi platforms such as Uniswap, Curve, Yearn, and more.
आज के समाचार 🚀
Lido's Cross-Chain stETH and Axelar Axelar and Neutron bring stETH to Cosmos Crypto Latest News and Updates
| Price | |
| 52W High price | $4,681.84 |
| 52W High date | 12th Mar 2024 (5 months ago) |
| All Time High (ATH) Date | 5th Jun 2024 (3 months ago) |
| ATH Price | $4,772.77 |
| % From ATH | -12.13% |
| All Time Low (ATL) Date | 12th Oct 2023 (10 months ago) |
| ATL Price | $1,740.08 |
| % From ATL | 141.02% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $3,578.00 |
AXL-WSTETH
How does Bridged Wrapped stETH (Axelar)'s (AXL-WSTETH) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
16.2%
AXL-WSTETH
22.9%
Similar Market Cap
60 Day Return
21.1%
AXL-WSTETH
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Similar Market Cap
We're monitoring 76 Bridged Wrapped stETH (Axelar) GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Bridged Wrapped stETH (Axelar) Repos)
Commits vs. The Market
- Past 4 weeks: 29 commits vs. an average of 2
- Past 12 weeks: 62 commits vs. an average of 8
- Past year: 226 commits vs. an average of 114
Most Active Repos
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Top Developers 2024
In total, 96 developers have contributed to Bridged Wrapped stETH (Axelar) over the past year. Who are the most active Bridged Wrapped stETH (Axelar) developers, by commits, over the past year?
Related Projects
Developers working on Bridged Wrapped stETH (Axelar) also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 59,038 |
| Active Discord Users | 2,366 |
| Telegram Users | 10,868 |
| Twitter followers | 873 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://axelar.network/ |
|---|---|
| Explorer | https://axelarscan.io/ |
| @axelarcore |
What is the correct contract address for Bridged Wrapped stETH (Axelar)?
| Secret | secret148jzxkagwe0xulf8jt3sw4nuh2shdh788z3gyd |
|---|---|
| Osmosis | ibc/B2BD584CD2A0A9CE53D4449667E26160C7D44A9C41AF50F602C201E5B3CCA46C |
| Polygon-pos | 0xd7bb095a60d7666d4a6f236423b47ddd6ae6cfa7 |
| Arbitrum-one | 0x9cfb13e6c11054ac9fcb92ba89644f30775436e4 |
| Optimistic-ethereum | 0x9cfb13e6c11054ac9fcb92ba89644f30775436e4 |
Has Bridged Wrapped stETH (Axelar) been audited for security?
No security audits found for this project.
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