Wrap & Unwrap

Stable-balance stETH wrapper for DeFi

Wrap

Unwrap

Unlock fee
 
Gas fee
 
Exchange rate
 
Allowance
0.0 stETH
You will receive
0.0 wstETH

FAQ

What is wstETH?

wstETH is a wrapped version of stETH. Due to the nature of Lido, the amount of stETH on your balance is not constant - it changes daily as staking rewards come in. As some DeFi protocols require a constant balance mechanism for tokens, wstETH keeps your balance of stETH fixed and uses an underlying share system to reflect your earned staking rewards.

Example:

  • You wrap 100 stETH to 99.87 wstETH.
  • You continue to earn rewards on your wstETH.
  • When you unwrap your wstETH, you receive 101 stETH.