Lido Finance

Lido's wrapped stETH (wstETH) is stETH which is deposited into the stETH wrapper to create a new token called wstETH.

What is wrapped stETH (wstETH)?

Some DeFi protocols do not support rebasing tokens natively. To prevent your stETH from losing value, wrap stETH and receive wstETH.

You can wrap your stETH tokens using stake.lido.fi/wrap. Simply connect your wallet, unlock your stETH tokens and press Wrap.

No, you do not need to claim any Ethereum staking rewards with Lido - staking rewards accrue to wstETH automatically.

Wrapped stETH does not rebase but the stETH in the wrapper contract rebases at 12PM UTC every day.

An overview of Lido's wrapped stETH (wstETH).

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