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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	287.14
1	2,871.39
2	5,742.77
5	14,356.93
10	28,713.87
20	57,427.74
50	143,569.34
100	287,138.69
1000	2,871,386.85

USD	WSTETH
0.1	0.00003482637
1	0.00034826376
2	0.00069652753
5	0.00174131883
10	0.00348263766
20	0.00696527533
50	0.01741318832
100	0.03482637665
1000	0.34826376659

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