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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	327.65
1	3,276.53
2	6,553.05
5	16,382.63
10	32,765.26
20	65,530.52
50	163,826.31
100	327,652.61
1000	3,276,526.10

USD	WSTETH
0.1	0.00003052012
1	0.00030520129
2	0.00061040258
5	0.00152600645
10	0.00305201291
20	0.00610402583
50	0.01526006459
100	0.03052012918
1000	0.30520129188

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