Wrapped stETH (wstETH)
An overview of wrapped stETH (wstETH).
5 articles in this collection
Written by Support
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 this week
Updated this week
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 this week
Updated this week
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 this week
Updated this week
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
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
Updated over a week ago