![BTC](https://s2.coinmarketcap.com/static/img/coins/64x64/12409.png)
Rank #9847
token
On 1,345 watchlists
Tags:
Liquid Staking Derivatives
Optimism Ecosystem
Restaking
Rehypothecated Crypto
Lido wstETH Price (WSTETH)
$3,078
-0.33%
WSTETH Charts Live Data
Lido is a liquid staking protocol for POS blockchains. It gives you a liquid token that represents your staked collateral and earnings over time. Lido removes the need to run infrastructure and enabling continued participation in DeFi.
wstETH is a wrapped version of stETH. Instead of rebasing, or changing account holdings daily it is similar to a c-token. It represents a pro-rata ownership of the staked ETH (stETH). When someone exits wstETH they are returned principal stETH + stETH earnings.
wstETH is minted and burned as stETH is wrapped and unwrapped.