For a more in-depth article, please refer to https://lido.mixbytes.io/docs/guides/wrap-and-unwrap-stksm.

Similar to Lido's stETH, stKSM rebases (balance changes) daily. Similar to Lido's wstETH (wrapped stETH), wstKSM's balance also remains fixed, and functions as a wrapper.

Unwrapping wstKSM for stKSM will return wstKSM back into a rebasing token, which accrues rewards daily through balance rebases, similar to Lido's stETH.

  1. Head over to kusama.lido.fi.

  2. Connect your wallet.

  3. Head over to the "Wrap & Unwrap" tab.

  4. Input the amount of tokens that you would like to unwrap.

  5. Select "Unwrap".

  6. Confirm the unwrapping transaction in your wallet.

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