Wrapped stETH (wstETH)

An overview of wrapped stETH (wstETH).

6 articles in this collection
Written by Support

What is wrapped stETH (wstETH)?

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

Written by Support
Updated over a week ago

Why would I wrap my stETH?

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

Written by Support
Updated over a week ago

How can I wrap/unwrap my stETH?

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

Written by Support
Updated over a week ago

Do I need to claim my staking rewards if I wrap stETH to wstETH?

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

Written by Support
Updated over a week ago

Why does the amount of wstETH in my wallet differ from the amount of stETH I wrapped?

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

Written by Support
Updated over a week ago

How can I use wrapped stETH (wsETH)?

wstETH is useful across DeFi protocols which are based around constant balance tokens.

Written by Support
Updated over a week ago