Wrap & Unwrap

wstETH (wrapped stETH) is a non-rebasing version of stETH. Unlike the stETH balance, which updates every day and communicates your share of rewards, the wstETH balance stays the same while the stETH balance updates inside the wrapper daily.

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

wstETH is useful across L2 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.