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Marcin | RedStone 🔜 ETHWarsaw 🇵🇱 @MarcinRedStone on x 11.1K followers
Created: 2025-07-23 13:06:45 UTC
There are X mainstream rates for Rewards token, i.e. wstETH
X. Fundamental contract exchange rate - derived from Lido contract wstETH / stETH rate (NOT dependent on market trades)
-> Example on Arbitrum: (steady growth pattern)
X. Market rate - derived from trading venues like Uniswap or Balancer for wstETH / stETH rate (IT IS dependent on market trades)
-> Example on Unichain: (steady growth pattern, apart from the high volatility period)
As you can see on images below, we've seen prolonged market rate discount vs the fundamental rate.
Roughly XXXXX stETH - XXXXX stETH = XXXXX stETH (~15 USD)
XXXXX engagements
Related Topics uniswap steth lido international finance currency pairs forex wsteth token