Wrapped Aave Gnosis wstETH
WAGNOWSTETH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
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
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
