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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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Trading Insights
Market Stats
Market Cap
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FDV
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Circ. Supply
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Max Supply
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Total Supply
3.7K XSTETH
Diluted Valuation
CA$4.27
Performance
Popularity
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Dominance
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Volume (24H)
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Volume (7D)
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Volume (30D)
Not enough data
All time high
CA$0.001157
Price Change (1Y)
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99.76%
Additional details
Market details
XSTETH vs markets
↘ 99.75%
XSTETH vs BTC
↘ 99.73%
XSTETH vs ETH
↘ 99.84%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x5a097b014C547718e79030a077A91Ae37679EfF5 |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$0.001156 | |
1 Day | CA$0.001163 | |
1 Week | CA$0.001168 | |
1 Month | CA$0.001159 | |
1 Year | CA$0.4889 |
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
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.
Leveraged stETH calculator
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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