About SOV and XSTETH
Sovryn is falling, while Leveraged stETH is climbing this week. The current SOV to XSTETH conversion rate is 19.20. Inversely, this means that if you convert 1 XSTETH you will get 0.05209 SOV. The conversion rate of SOV/XSTETH has decreased by 0.17% in the last hour (XSTETH/SOV increased by 0.17%). In the last 24 hours, SOV/XSTETH shrunk by 2.43%, while XSTETH/SOV grew by the same amount.
The exchange rate of Sovryn is decreasing. The current value of 1 SOV is 19.20 XSTETH. In other words, to buy 5 Sovryn, it would cost you 95.98 XSTETH. Inversely, 1 XSTETH would allow you to trade for 0.05209 SOV while 50 XSTETH would convert to 2.60 SOV, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.55%. Meanwhile, in the last 24 hours, the rate has changed by 2.33%, which means that the highest exchange rate of 1 SOV to XSTETH was 19.70 XSTETH and the lowest 24 hour value was 1 SOV for 19.16 XSTETH. Last month, 1 SOV was worth 20.17 XSTETH. Today, it's down 5.07%. Looking back a year, Sovryn has changed by 0.2259 XSTETH. That means that in a single year, the value of Sovryn has grown by 98.82%.
Sovryn Market Stats
$SOV is the governance token of the Sovryn Protocol, home of the largest defi ecosystem on top of Bitcoin
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
SOV to XSTETH values from Today at 1:15 pm
0.5 SOV = 9.60 XSTETH |
1 SOV = 19.20 XSTETH |
5 SOV = 95.98 XSTETH |
10 SOV = 191.96 XSTETH |
50 SOV = 959.81 XSTETH |
100 SOV = 1,919.61 XSTETH |
500 SOV = 9,598.05 XSTETH |
1,000 SOV = 19,196.11 XSTETH |
XSTETH to SOV values from Today at 1:18 pm
0.5 XSTETH = 0.02605 SOV |
1 XSTETH = 0.05209 SOV |
5 XSTETH = 0.2605 SOV |
10 XSTETH = 0.5209 SOV |
50 XSTETH = 2.60 SOV |
100 XSTETH = 5.21 SOV |
500 XSTETH = 26.05 SOV |
1,000 XSTETH = 52.09 SOV |
SOV to XSTETH over time
SOV | Today | 24H -2.33% | 1M -5.07% | 1Y 98.82% |
|---|---|---|---|---|
0.5 SOV | 9.60 XSTETH | 9.82 XSTETH | 10.08 XSTETH | 0.1129 XSTETH |
1 SOV | 19.20 XSTETH | 19.64 XSTETH | 20.17 XSTETH | 0.2259 XSTETH |
5 SOV | 95.98 XSTETH | 98.21 XSTETH | 100.84 XSTETH | 1.13 XSTETH |
10 SOV | 191.96 XSTETH | 196.42 XSTETH | 201.68 XSTETH | 2.26 XSTETH |
50 SOV | 959.81 XSTETH | 982.12 XSTETH | 1,008.42 XSTETH | 11.29 XSTETH |
100 SOV | 1,919.61 XSTETH | 1,964.25 XSTETH | 2,016.85 XSTETH | 22.59 XSTETH |
500 SOV | 9,598.05 XSTETH | 9,821.23 XSTETH | 10,084.24 XSTETH | 112.93 XSTETH |
1,000 SOV | 19,196.11 XSTETH | 19,642.46 XSTETH | 20,168.49 XSTETH | 225.86 XSTETH |
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