Convert Pi Protocol PIP to Leveraged stETH XSTETH
PIP to XSTETH: 1 Pi Protocol converts to 9.91 XSTETH
About PIP and XSTETH
Pi Protocol is climbing, while Leveraged stETH is falling this week. The current PIP to XSTETH conversion rate is 9.91. Inversely, this means that if you convert 1 XSTETH you will get 0.1009 PIP. The conversion rate of PIP/XSTETH has increased by 0.38% in the last hour (XSTETH/PIP decreased by 0.38%). In the last 24 hours, PIP/XSTETH grew by 3.73%, while XSTETH/PIP shrunk by the same amount.
The exchange rate of Pi Protocol is increasing. The current value of 1 PIP is 9.91 XSTETH. In other words, to buy 5 Pi Protocol, it would cost you 49.54 XSTETH. Inversely, 1 XSTETH would allow you to trade for 0.1009 PIP while 50 XSTETH would convert to 5.05 PIP, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 3.42%. Meanwhile, in the last 24 hours, the rate has changed by 4.18%, which means that the highest exchange rate of 1 PIP to XSTETH was 9.91 XSTETH and the lowest 24 hour value was 1 PIP for 9.43 XSTETH. Last month, 1 PIP was worth 10.33 XSTETH. Today, it's down 4.24%. Looking back a year, Pi Protocol has changed by 0.2256 XSTETH. That means that in a single year, the value of Pi Protocol has grown by 97.72%.
Pi Protocol Market Stats
PI is a Defi project that includes, yield farming for NFTs and “Circles” yet takes this one step further and PI offers not only Vaults, Pools and “Circles” but also the possibility to get unique NFTs, either through the pools directly or through the PI Treasure Hunt.
Leveraged stETH Market Stats
xstETH token, also called leveraged stETH, is a decentralized, composable leveraged long stETH futures contract with a low risk of liquidations and a 0 funding fee. To create a stable-leverage pair, f(x) holds a reserve of some base token. To start, let’s consider stETH. Minted against that stETH reserve are two types of derivative tokens; one stable, and one volatile(xstETH). At all times, the total market cap of the two derivative tokens is held equal to the value of the reserve, and any derivative token can be redeemed at any time for its share of the reserve base token. The volatile token price rises at a multiple rate of stETH. Based on the performance of xETH, this multiple generally varies between 1.5x- 4x, though it can rise as high as 4.3X before the protocol responds to limit it.
Conversion tables
PIP to XSTETH values from Today at 10:22 am
0.5 PIP = 4.95 XSTETH |
1 PIP = 9.91 XSTETH |
5 PIP = 49.54 XSTETH |
10 PIP = 99.08 XSTETH |
50 PIP = 495.41 XSTETH |
100 PIP = 990.82 XSTETH |
500 PIP = 4,954.09 XSTETH |
1,000 PIP = 9,908.18 XSTETH |
XSTETH to PIP values from Today at 10:22 am
0.5 XSTETH = 0.05046 PIP |
1 XSTETH = 0.1009 PIP |
5 XSTETH = 0.5046 PIP |
10 XSTETH = 1.01 PIP |
50 XSTETH = 5.05 PIP |
100 XSTETH = 10.09 PIP |
500 XSTETH = 50.46 PIP |
1,000 XSTETH = 100.93 PIP |
PIP to XSTETH over time
PIP | Today | 24H 4.18% | 1M -4.24% | 1Y 97.72% |
|---|---|---|---|---|
0.5 PIP | 4.95 XSTETH | 4.75 XSTETH | 5.16 XSTETH | 0.1128 XSTETH |
1 PIP | 9.91 XSTETH | 9.49 XSTETH | 10.33 XSTETH | 0.2256 XSTETH |
5 PIP | 49.54 XSTETH | 47.47 XSTETH | 51.64 XSTETH | 1.13 XSTETH |
10 PIP | 99.08 XSTETH | 94.94 XSTETH | 103.29 XSTETH | 2.26 XSTETH |
50 PIP | 495.41 XSTETH | 474.72 XSTETH | 516.44 XSTETH | 11.28 XSTETH |
100 PIP | 990.82 XSTETH | 949.44 XSTETH | 1,032.88 XSTETH | 22.56 XSTETH |
500 PIP | 4,954.09 XSTETH | 4,747.18 XSTETH | 5,164.38 XSTETH | 112.79 XSTETH |
1,000 PIP | 9,908.18 XSTETH | 9,494.37 XSTETH | 10,328.76 XSTETH | 225.57 XSTETH |
Frequently asked questions
Related conversions
Learn how to buy popular cryptocurrencies
Popular cryptocurrency conversions
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.