WrapWrap
Lido · Acts onchain
Wraps stETH into wstETH at the current share rate. The stETH is approved to the wstETH contract and wrap is called; the wstETH minted equals the shares behind the stETH amount. stETH rebases, wstETH does not, so the wrapped balance stays fixed while its stETH value rises. Reach for it after staking, or when a lending market or vault needs the non-rebasing form.
On other protocols · 4
