Hello, Can you please tell me when wstETH token is used

Question

Hello, Can you please tell me when wstETH token is used

as collateral on AAVE, does the income go to the wrapped ether itself as if it were not used as collateral?

And also, please tell me, when wstETH is used on other networks like Optimism, Arbitrum, does it also get growing as if it were on original Ethereum-chain?
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Thanks a lot!

#cryptocurrency #english #lido

0

04.09.2023

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satbalwyn C

1. when you supply wstETH on Aave, you will still get the staking rewards since your wstETH still accrues values. 2. no matter which chain you use to hold wstETH, you get the staking rewards. Again, your wstETH is worth morth ETH over time.

0

8 месяцев назад

Tina Lyu (Will Never DM You First) · Accepted Answer

Tina Lyu (Will Never DM You First)

I can't really say for certain that I understand your first question but your second question seems like you want to know if your wstETH increases in value on other chains as it would on it's initial chain. Yes it would. I don't believe the growth is bounded by any chain as its pegged to eth or weth I believe

0

8 месяцев назад

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Hello, Can you please tell me when wstETH token is used

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