Wrap & Unwrap

wstETH (wrapped stETH) is a non-rebasing version of stETH, wstETH's price denominated in stETH changes instead. The wstETH balance can only be changed upon transfers, minting, and burning. At any given time, anyone holding wstETH can convert any amount of it to stETH at a fixed rate, and vice versa. Normally, the rate gets updated once a day, when stETH undergoes a rebase.

You can wrap your stETH or ETH tokens using Wrap & Unwrap staking widget or DEX Lido integrations.

wstETH is useful across Lido Multichain and other DeFi protocols, which are based on constant balance tokens.

Yes, wrapped stETH gets staking rewards at the same rate as regular stETH. When you keep your stETH in a wrapper you cannot see your daily staking rewards. However, when you unwrap your wstETH your new stETH balance will have increased relative to pre-wrapped amount to reflect your received rewards.

No, staking rewards accrue to wstETH automatically.

You can unwrap your wstETH tokens using Wrap & Unwrap staking widget.

No, you can transform your wstETH to ETH using the Withdrawals Request and Claim tabs. Note that, under the hood, wstETH will unwrap to stETH first, so your request will be denominated in stETH.