Wrap & Unwrap

Convert between stETH and wstETH

Why Wrap?

stETH is a rebasing token — its balance changes daily as rewards accrue. Some DeFi protocols prefer a non-rebasing token. wstETH (wrapped stETH) solves this: its balance stays constant while its value increases.

Wrap stETH → wstETH

You: Wrap 1 stETH to wstETH
Agent: [calls wrap_steth]
       Simulation: ~0.866 wstETH expected
       Gas estimate: 65,000

Unwrap wstETH → stETH

You: Unwrap 0.5 wstETH
Agent: [calls unwrap_wsteth]
       Simulation: ~0.577 stETH expected
       Gas estimate: 62,000

Conversion Rate

Check the current rate any time:

You: What's the stETH to wstETH conversion rate?
Agent: [calls get_conversion_rate]
       1 wstETH = 1.1547 stETH
       1 stETH  = 0.8660 wstETH