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wstETH is a wrapped version of stETH.  Instead of rebasing, or changing account holdings daily it is similar to a c-token.  It represents a pro-rata ownership of the staked ETH (stETH). When someone exits wstETH they are returned principal stETH + stETH earnings.

Lido is a liquid staking protocol for POS blockchains.  It gives you a liquid token that represents your staked collateral and earnings over time.  Lido removes the need to run infrastructure and enabling continued participation in DeFi.

wstETH is minted and burned as stETH is wrapped and unwrapped.

Wrapped stETH

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WSTETH	USD
0.1	226.40
1	2,263.98
2	4,527.97
5	11,319.92
10	22,639.84
20	45,279.69
50	113,199.22
100	226,398.43
1000	2,263,984.33

USD	WSTETH
0.1	0.00004416991
1	0.00044169916
2	0.00088339833
5	0.00220849584
10	0.00441699169
20	0.00883398339
50	0.02208495848
100	0.04416991696
1000	0.44169916960

Wrapped stETH Converter

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Price Performance

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