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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	229.87
1	2,298.65
2	4,597.31
5	11,493.27
10	22,986.53
20	45,973.07
50	114,932.67
100	229,865.35
1000	2,298,653.45

USD	WSTETH
0.1	0.00004350373
1	0.00043503730
2	0.00087007460
5	0.00217518652
10	0.00435037304
20	0.00870074608
50	0.02175186520
100	0.04350373040
1000	0.43503730400

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