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    Wrapped Aave Gnosis wstETH

    WAGNOWSTETH

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    03.810
    Risk Level:
    Very High
    Recommendation:Avoid
    Evaluated:August 28, 2026 (v14)

    Dimension Breakdown

    Development Activity2.5
    Community Health1.5
    Tokenomics6.0
    Market & Use Case2.5
    Team & Governance3.5
    Security & Audits6.5

    AI Analysis

    Comprehensive evaluation of the token

    WAGNOWSTETH (Wrapped Aave Gnosis wstETH) is a derivative wrapper token on Gnosis Chain representing wstETH supplied to Aave V3. The token operates purely as a functional layer without independent development activity (2.5/10), community presence (1.5/10), or transparent team governance at the wrapper level (3.5/10). Tokenomics (6.0/10) are transparent and non-inflationary, functioning via standard mint/burn mechanics driven by user demand, though it inherits systemic counterparty dependencies from Lido and Aave. Market metrics (2.5/10) reveal extreme micro-scale adoption, holding a market cap under $15,100, negligible liquidity, and minimal demand. Security and Audit History (6.5/10) benefits from comprehensive audit coverage and formal verification across Aave's core protocol, although recent upstream incidents (a March 2026 CAPO oracle misconfiguration and an April 2026 rsETH market exploit) illustrate operational risk across the broader ecosystem, despite not causing uncompensated loss to WAGNOWSTETH directly. With no qualifying red-flag cap or data gaps present, the overall score mathematically matches the weighted average of 3.8/10.

    Development Activity

    Code updates and developer engagement

    RiskReturn
    02.510

    Community Support

    Social media presence and community engagement

    RiskReturn
    01.510

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    06.010

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    02.510

    Team & Governance

    Team background and project governance

    RiskReturn
    03.510

    Security & Audits

    Security history and audit status

    RiskReturn
    06.510

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