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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	397.78
1	3,977.76
2	7,955.52
5	19,888.81
10	39,777.62
20	79,555.23
50	198,888.08
100	397,776.16
1000	3,977,761.65

USD	WSTETH
0.1	0.00002513976
1	0.00025139766
2	0.00050279533
5	0.00125698833
10	0.00251397667
20	0.00502795334
50	0.01256988337
100	0.02513976674
1000	0.25139766742

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