wstETH is a wrapped version of stETH. Instead of rebasing, or changing account holdings daily it is similar to a c-token. It represents a pro-rata ownership of the staked ETH (stETH).
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DeFi Saver
07-13 20:39
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A @morpho user converted 500,000 Bitcoins (BTC) into Ethereum (ETH).
They used the DFS Loan Shifter tool to convert 8.31 cbBTC into 239.31 wstETH in a single transaction.
Furthermore, thanks to @lido's staking rewards, their borrowing costs were significantly reduced (net annualized return dropped from -7.45% to -0.97%), saving them $10,000 annually.
@Morpho users, please note: You can switch markets without closing your positions.
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DeFi Saver
07-10 23:46
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We've seen a lot of Ethereum ($ETH) bullish lately.
This @Compound_xyz V3 user has made over $3 million worth of ETH using leverage over the past two days.
Their strategy is to enable auto-boost and then provide a large amount of $wstETH to trigger the auto-boost, seemingly to average out costs.
Why not use Boost manually?
Automated operations can handle trade execution based on your parameters, while also getting the best rates from six decentralized exchange (DEX) aggregators, and using MEV protection on top of that, making it very convenient.
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Wu Blockchain
07-03 23:41
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Aave announced that Aave V3 saw deposits surpass $75 million within 24 hours of its launch on Monad yesterday. The initial deployment supports 12 assets, including USDT0, USDC, GHO, USDe, WETH, cbBTC, and wstETH. Previous governance documents indicated that the Monad Foundation will provide $15 million in incentives for the first year of the deployment and purchase and hold 10 million GHO tokens for more than six months.
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CoinMarketCap
07-03 06:46
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Breaking news: ⚡️ Anchorage Digital has integrated with Lido, providing institutional clients with the ability to compliantly stake Ethereum liquidity and mint wstETH.
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DeFi Saver
06-25 19:06
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Liquidity is not only flowing into @aave V4, but it's also constantly shifting.
Over the past 30 days, over $2 million worth of collateral has been transferred from other protocols to Aave V4 via DeFi Saver's Loan Shifter tool.
This collateral includes leveraged staking and volatility positions, as well as assets from various protocols—including over 500 $wstETH and $ETH.
Aave V4 continues to grow through DeFi Saver 🤝
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DeFi Saver
06-23 19:07
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Liquidity isn't just flowing into @aave V4, it's constantly shifting.
Over the past 30 days, over $2 million in collateral has been transferred from other protocols to Aave V4 via DeFi Saver's Loan Shifter tool.
This collateral includes leveraged staking and volatility positions, as well as collateral from various protocols—including over 500 $wstETH and $ETH.
Aave V4 continues to grow through DeFi Saver 🤝
First time hearing about Loan Shifter? 👇
It moves your positions from one protocol to another by:
-> Flash lending of debt assets
-> Paying off debt
-> Withdrawing collateral from protocol A
-> Providing collateral on protocol B
-> Borrowing
-> Paying off flash loans
All operations can be completed in a single transaction—best of all, you can preview your holdings on the new protocol compared to your previous holdings.
Currently, this tool only works for holdings in smart wallets—but our team is working to make it also work for EOA holdings.
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Wu Blockchain
06-08 13:13
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A major Ethereum holder sold $188 million worth of ETH, wstETH, and WBTC before the market crash, then bought them back at even lower prices.
According to Lookonchain data, a major Ethereum holder sold 60,000 ETH (worth approximately $117.25 million) and 9,442 wstETH (worth approximately $24 million) at an average price of $2,040 before the crash. He also sold 600 WBTC (worth approximately $47.12 million) at an average price of $78,538.
After the crash, this holder bought back 611 WBTC (worth approximately $38.68 million), 60,088 ETH (worth approximately $95.3 million), and 10,000 wstETH (worth approximately $21.08 million) at an average price of $63,280, for an average price of $1,606.
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Lookonchain
06-08 09:36
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This Ethereum veteran is probably one of the shrewdest traders I've seen recently!
Before the crash, he sold:
• 60,000 ETH (worth $117.25 million) and 9,442 wstETH (worth $24 million), at an average price of $2,040
• 600 WBTC (worth $47.12 million), at an average price of $78,538
After the crash, he bought back:
• 611 WBTC (worth $38.68 million), at an average price of $63,280
• 60,088 ETH (worth $95.3 million) and 10,000 wstETH (worth $21.08 million), at an average price of $1,606
A perfect buy-low-sell-high strategy.
Wallet address:
0xb4d3bea9d824c4dd7ded7ccc93e6212e3f0b186a
0x593c427d8c7bf5c555ed41cd7cb7cce8c9f15bb5
0xc1b6085ab3fd59106bE476AC91Fd04A3E4ac740e
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Wu Blockchain
06-07 11:05
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According to Lookonchain monitoring, a prominent Ethereum OG (Original Gold Trader) is buying back ETH at lower prices. This whale sold 60,000 ETH (approximately $117.25 million) and 9,442 wstETH (approximately $24 million) a week ago at an average price of $2,040. In the past two days, it has spent $55.8 million to buy back 35,723 ETH at an average price of $1,563, and may continue to buy.
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Lookonchain
06-07 10:05
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A week ago, an Ethereum veteran sold 60,000 ETH (worth $117.25 million) and 9,442 wstETH (worth $24 million) at approximately $2,040 per ETH. Now, he's started buying back ETH!
Over the past two days, he's spent $55.8 million to buy 35,723 ETH at an average price of $1,563 per ETH, and he may continue buying.