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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	377.25
1	3,772.50
2	7,545.01
5	18,862.52
10	37,725.03
20	75,450.07
50	188,625.17
100	377,250.34
1000	3,772,503.43

USD	WSTETH
0.1	0.00002650759
1	0.00026507596
2	0.00053015193
5	0.00132537984
10	0.00265075968
20	0.00530151937
50	0.01325379842
100	0.02650759685
1000	0.26507596850

Wrapped stETH Converter

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WSTETH to USD Conversion Table

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