wstETH
wrapped stETH
A non-rebasing wrapper of Lido stETH — share-price grows with staking yield.
wstETH simplifies integration with DeFi protocols that don't handle rebases (most lending markets, AMMs). Trades at stETH × growth-factor. Underlies a large share of leveraged ETH-staking strategies and stETH-collateralised borrowing.
Related terms
- stETHLido's rebasing liquid-staking token — accrues ETH staking yield via daily balance rebases.
- LidoThe largest liquid-staking protocol, issuer of [[steth]] / [[wsteth]] — the dominant ETH-staking yield vehicle.
- LST (liquid staking token)A receipt token representing a staked PoS asset — accrues staking rewards while remaining transferable.