Wrapped rsETHPrice(WRSETH)
Details Wrapped rsETH (WRSETH) Price information (USD)
The current real-time price of WRSETH is $2,139.37. In the past 24 hours, WRSETH has traded between $2,106.07 and $2,196.6, showing strong market activity. The all-time high of WRSETH is $5,195.64, and the all-time low is $1,450.75.
From a short-term perspective, the price change of WRSETH over the past 1 hour is
Wrapped rsETH (WRSETH) Market Information
Wrapped rsETH (WRSETH) Today's Price
The live price of WRSETH today is $2,139.37, with a current market cap of $54.085M. The 24-hour trading volume is 33K. The price of WRSETH to USD is updated in real time.
Wrapped rsETH (WRSETH) Price History (USD)
What is WRAPPED RSETH (WRSETH)?
When is the right time to buy WRSETH? Should I buy or sell WRSETH now?
Before deciding whether to buy or sell WRSETH, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WRSETH technical analysis can provide you with trading references.
Future price trend of WRSETH
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WRSETH.
How much will WRSETH be worth tomorrow, next week, or next month in ? What about your WRSETH assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WRSETH Price Prediction
How to buy WRAPPED RSETH (WRSETH)
Convert WRSETH to local currency
WRSETH Resources
To learn more about WRSETH, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
base | 0x80a9...930ed1  | 23,960.00 | 99.54% |
base | 0x4985...652b2b | 164 | 0.68% |
base | 0xbbbb...eeffcb | 89 | 0.37% |
base | 0xfc41...72f4b5 | 35 | 0.15% |
base | 0x46e6...0970bf | 21 | 0.09% |
Other | -198.225 | -0.82% |
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WRAPPED RSETH (WRSETH) FAQ
What is Wrapped rsETH (wrseth)?
wrsETH is a wrapped token that mirrors Kelp DAO's restaked ETH (rsETH) at a 1:1 ratio. This design allows it to be utilized across various blockchain networks, significantly boosting its liquidity and overall utility within the decentralized finance (DeFi) ecosystem. It acts as a representation of underlying restaked assets, offering flexibility for users to engage with different protocols.
How does wrsETH function within the Kelp DAO ecosystem for users?
Users can mint wrsETH by restaking their ETH through the Kelp DAO platform. This process is available on several Layer 2 chains, including Optimism, ZKsync ERA, Linea, Base, and Mode. Essentially, it allows participants to engage in restaking activities on these networks, receiving wrsETH as a liquid representation of their restaked ETH, which can then be used elsewhere.
What are the practical applications and primary use cases for Wrapped rsETH (wrseth)?
wrsETH functions as a Liquid Restaked Token (LRT) within the Kelp DAO ecosystem. Its main applications involve enabling users to participate in diverse decentralized finance (DeFi) activities, allowing them to maximize potential staking and restaking rewards. Furthermore, wrsETH facilitates seamless bridging to other Layer 2 solutions such as Scroll_ZKP and Arbitrum, enhancing its interoperability and reach across the multi-chain environment.
Which core technology underpins the functionality of Wrapped rsETH (wrseth)?
The core technology powering wrsETH is EigenLayer. EigenLayer is specifically designed to enhance the broader Ethereum ecosystem by providing innovative liquid restaking solutions. This foundational technology allows for the creation and operation of tokens like wrsETH, which represent restaked assets in a liquid form, enabling their use in various DeFi protocols and expanding the utility of staked ETH.
What are the primary risks associated with wrsETH, especially concerning its price stability and reliance on external data sources?
Significant risks for wrsETH, as a wrapped token and LRT, include its reliance on oracles for accurate pricing. A past incident involved an oracle malfunction leading to drastic overvaluation and an exploit, highlighting this vulnerability. Other risks involve the potential for underlying assets, such as stETH or frxETH, to depeg from ETH, which would directly impact wrsETH's value. Users should be aware of these potential disruptions to its peg and the overall stability of the token.
Has Wrapped rsETH (wrseth) and its underlying protocol undergone independent security audits?
Yes, KelpDAO, the entity behind wrsETH, has undergone multiple rigorous security audits. These assessments were conducted by reputable firms specializing in blockchain security, including Sigma Prime, Code4rena, and MixBytes. Such audits are crucial for identifying and mitigating potential vulnerabilities within smart contracts and the overall protocol, enhancing trust and safeguarding user assets within the ecosystem. This commitment to security is vital for a robust DeFi project.
