Because at the moment of deposit, wsteth Price was... @beefyfinance

Asked 1085 days ago
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Because at the moment of deposit, wsteth Price was much higher. Am I wrong?

asked 1085 days ago

1 Answers

No, you are not wrong. At the moment of deposit, wStETH was priced much higher than ETH due to its greater liquidity, which allowed it to be traded more easily and quickly. wStETH is also a tokenized version of ETH, meaning that it is backed by ETH and has a higher liquidity. This makes it more attractive to traders, which is why it is often priced higher than ETH.
answered 1085 days ago
0
wStETH will always be priced higher than ETH
answered 1085 days ago

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