Wrap & Unwrap

There exist a number of potential risks when staking using the Lido protocol. Some of these risks include:

• Smart contract security

  There is an inherent risk that Lido Protocol could contain a smart contract vulnerability or bug. The Lido code is open-sourced, audited and covered by an extensive Immunefi bug bounty program to minimise this risk. To mitigate smart contract risks, all of the core Lido contracts are audited. Audit reports can be found here.

• Slashing risk

  Validators risk staking penalties, with up to 100% of staked funds at risk if validators fail. To minimise this risk, Lido stakes across multiple professional and reputable node operators with heterogeneous setups, with additional mitigation in the form of self-coverage.

• stToken price risk

  Users risk an exchange price of stTokens which is lower than inherent value due to withdrawal restrictions on Lido protocol, making arbitrage and risk-free market-making impossible.

For further information and details about these and other potential risks, please read carefully the Terms of Use.

Always conduct your own research and consult your own professional advisors to understand all potential risks before participating.

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.

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

wstETH is useful across Lido Multichain 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.