Wrap & Unwrap

Stable-balance stETH wrapper for DeFi


What is wstETH?

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.