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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	368.72
1	3,687.20
2	7,374.39
5	18,435.98
10	36,871.96
20	73,743.93
50	184,359.82
100	368,719.63
1000	3,687,196.33

USD	WSTETH
0.1	0.00002712087
1	0.00027120877
2	0.00054241755
5	0.00135604387
10	0.00271208775
20	0.00542417550
50	0.01356043875
100	0.02712087751
1000	0.27120877516

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Price Performance

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