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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	216.27
1	2,162.74
2	4,325.48
5	10,813.71
10	21,627.42
20	43,254.84
50	108,137.10
100	216,274.20
1000	2,162,741.97

USD	WSTETH
0.1	0.00004623760
1	0.00046237600
2	0.00092475201
5	0.00231188004
10	0.00462376009
20	0.00924752019
50	0.02311880048
100	0.04623760096
1000	0.46237600962

Wrapped stETH Converter

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