# Enable wstETH/ETH 0.01%, wstETH/BNB 0.05% and wstETH/BTCB 0.05% gauges on Pancakeswap v3 BNBChain **URL:** \ **Category:** Gauges\ **Created:** [August 15, 2024, 1:29pm UTC](https://forum.pancakeswap.finance/t/enable-wsteth-eth-0-01-wsteth-bnb-0-05-and-wsteth-btcb-0-05-gauges-on-pancakeswap-v3-bnbchain/716 "2024-08-15T13:29:09Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![kenx3495](https://avatars.discourse-cdn.com/v4/letter/k/8e7dd6/32.png) [@kenx3495](https://forum.pancakeswap.finance/u/kenx3495)\ **Post date:** [August 15, 2024, 1:29pm UTC](https://forum.pancakeswap.finance/t/enable-wsteth-eth-0-01-wsteth-bnb-0-05-and-wsteth-btcb-0-05-gauges-on-pancakeswap-v3-bnbchain/716/1 "2024-08-15T13:29:09Z")
**Overview** wstETH is now available on BNBChain with Lido DAO recognizing the [bridge endpoints as canonical](https://snapshot.org/#/lido-snapshot.eth/proposal/0xcc52cdc83273b42a056cfc632889355595821a2cc9a59ba8adff66b30e9718f9). This proposal seeks to enable the following pairs’ gauge on BNBChain. 1. wstETH/ETH 0.01% 2. wstETH/BNB 0.05% 3. wstETH/BTCB 0.05% **Background** wstETH is the bridged canonical wrapped version of Lido staked Ether available on BNBChain. Lido Protocol is a family of open-source peer-to-system software tools deployed functioning on Ethereum Mainnet and Polygon. It is mainly known for enabling usersusers to stake their tokens with validators and receive rewards from validation activities. stETH (Lido Staked Ether) is the token minted when a user deposits Ether into the protocol while wstETH is the wrapped non-rebaseable, value accruing version of stETH. The intent of this proposal is to enable gauges of the aforementioned wstETH denominated pairs. This will allow Pancakeswap to be one of the venues of deep liquidity for wstETH. Additionally, these pools will be bootstrapped with rewards from Lido’s Liquidity Observation Labs. **Details** 1. 1.00x Boost Multiplier and 0.5% Emission Cap 2. Audits for wstETH on BNBChain + Bridging Components [wstETH L2Token Cyfrin Audit Report ](https://github.com/wormhole-foundation/example-wormhole-axelar-wsteth/blob/main/audits/2024-06-10-cyfrin-audit-2024-06-wormhole-axelar-wsteth-l2token.pdf)[Wormhole Transceiver Cyfrin Audit Report ](https://github.com/wormhole-foundation/wormhole-audits/blob/main/2024-04-11-cyfrin-wormhole-evm-ntt.pdf)[Wormhole Transceiver Cantina Audit Report ](https://github.com/wormhole-foundation/wormhole-audits/blob/main/2024-04-cantina-wormhole-evm-ntt.pdf)[Wormhole Cyfrin Audit Report ](https://github.com/wormhole-foundation/wormhole-audits/blob/main/2024-07-23-cyfrin-wormhole-evm-ntt-diff-v1.1.0.pdf)[Axelar Transceiver Cyfrin Audit Report](https://github.com/wormhole-foundation/example-wormhole-axelar-wsteth/blob/main/audits/2024-07-01-cyfrin-wormhole-axelar-wsteth-axelar-transceiver-v2.pdf) 3. Token Utility: wstETH is a wrapped version of stETH which can be minted when a user deposits Ether into the protocol. It accrues value using an underlying share system to reflect a users staking rewards which can be realised upon unwrapping. wstETH is heavily integrated into DeFi with over 2.7m stETH being utilized as collateral in Defi. 4. Volatility: wstETH is backed by underlying ETH in Lido Protocol with users able to unwrap into stETH and redeem 1:1 for ETH through the protocol’s withdrawal queue. As such, stETH typically trades closely at 1:1 with ETH. It has for the most parts historically, [traded within 50 bps of ETH](https://dune.com/steakhouse/lido-safu) 5. Oracles: There will be a Chainlink Price feed coming up soon for wstETH/stETH and stETH/USD. As well as a RedStone price oracle. 6. Control: [Deployer](https://bscscan.com/address/0x4edab5d6cae32c5fbc2891caf1a2159c40f5fb82) 1. Merit: Deep liquidity of wstETH on Pancakeswap can bring a lot of volume for the DEX as it is a highly popular and demanded collateral token in Defi. Existing LPers of the ETH/BNB and ETH/BTCB pairs are also now exposed to a rewards accruing version of their pair with incentives for bootstrapping. Links 1. Token CA [Wrapped liquid staked Ether 2.0 (wstETH) Token Tracker | BscScan](https://bscscan.com/token/0x26c5e01524d2E6280A48F2c50fF6De7e52E9611C) 2. LP Address: wstETH/ETH [PancakeV3Pool | Address 0x6cb5392b9ca52d7a0e6940e82d29087361360ec3 | BscScan](https://bscscan.com/address/0x6cb5392b9ca52d7a0e6940e82d29087361360ec3) wstETH/BNB > **[PancakeV3Pool | Address 0xc9002d23cebf00b40f7cdb5b1e63d96eebb50031 | BscScan](https://bscscan.com/address/0xc9002d23cebf00b40f7cdb5b1e63d96eebb50031)** > > The Contract Address 0xc9002d23cebf00b40f7cdb5b1e63d96eebb50031 page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on... wstETH/BTCB [https://bscscan.com/address/0xcc1c80529b483a663d869c137a1fd0cbd9855dc8 ](https://bscscan.com/address/0xcc1c80529b483a663d869c137a1fd0cbd9855dc8) 1. Website: [https://lido.fi](https://lido.fi) 2. Socials: [x.com](https://twitter.com/LidoFinance) 3. Documentation: [docs.lido.fi](http://docs.lido.fi) ---
**Author:** ![ChefBaby](https://dub1.discourse-cdn.com/flex005/user_avatar/forum.pancakeswap.finance/chefbaby/32/187_2.png) [@ChefBaby](https://forum.pancakeswap.finance/u/ChefBaby)\ **Post date:** [August 21, 2024, 10:25am UTC](https://forum.pancakeswap.finance/t/enable-wsteth-eth-0-01-wsteth-bnb-0-05-and-wsteth-btcb-0-05-gauges-on-pancakeswap-v3-bnbchain/716/2 "2024-08-21T10:25:25Z")
Thank you for your application! The Kitchen has enabled the wstETH/ETH 0.01% fee tier, wstETH/BNB 0.05% fee tier, wstETH/BTCB 0.05% fee tier on BNB Chain with 1x boost multiplier and 10%, 5%, 5% emissions cap respectively.