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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	569.15
1	5,691.49
2	11,382.98
5	28,457.46
10	56,914.91
20	113,829.83
50	284,574.57
100	569,149.13
1000	5,691,491.35

USD	WSTETH
0.1	0.00001757008
1	0.00017570087
2	0.00035140174
5	0.00087850436
10	0.00175700873
20	0.00351401746
50	0.00878504366
100	0.01757008732
1000	0.17570087325

Wrapped stETH Converter

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