Wrap or unwrapWrap or unwrap
Lido · Acts onchain
Wraps stETH into wstETH, or unwraps wstETH back to stETH, at the current share rate. Wrap approves and calls wstETH's wrap; unwrap calls its unwrap. stETH rebases, wstETH does not, so the wrapped balance stays fixed while its stETH value rises. Reach for it after staking, when a lending market or vault needs the non-rebasing form, or before a withdrawal request, which takes stETH.
On other protocols · 3
