Asset Guide - wstETH

Guide to wstETH on Sei

What is wstETH?

wstETH (Wrapped stETH) is the wrapped, non rebasing version of Lido’s staked ETH. It represents a user’s share of stETH and accrues staking rewards through an increase in its value relative to ETH, rather than through an increasing token balance. It is ERC20 compatible and designed for seamless integration across DeFi protocols.

Where do I get wstETH?

You can get wstETH from:

• On-chain swaps via Sei based DEXs like Symphony.

• Decentralized platforms like Uniswap and 1inch.

• Lido’s official app by wrapping stETH.

• Centralized exchanges such as OKX or Bybit (check availability).

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The following are available as of April 20, 2025

Get wstETH on Sei

Method 1: Swap for wstETH on Sei

1. Swap via Symphony.

   • Navigate to Symphony.

   • Swap any asset for wstETH.

   

   • Approve the transaction.

Method 2: Bridge wstETH to Sei via Stargate

1. Stake ETH on Lido Finance for stETH.

   • Acquire ETH from a CEX or swap on a DEX.

   • Stake ETH on Lido Finance.

   

   • Approve the transaction.

   
2. Wrap stETH for wstETH.

   • Navigate to the wrap page on Lido.

   • Wrap your stETH to receive wstETH.

   
3. Bridge wstETH to Sei.

   • Navigate to Yei Bridge.

   • Select your source chain and Sei as the destination.

   

   • Approve the transaction.

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Supply wstETH on Yei

1. Deposit wstETH.

   • Navigate to Yei Finance.

   • Locate wstETH and click "Supply".

   

   • Enter the amount and confirm the transaction.

🎉 That’s it! You are now utilizing your wstETH to earn rewards and Yei points.

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Bridge wstETH out of Sei

Method: Bridge out via Yei Bridge

1. Cross chain.

   • Navigate to Yei Bridge.

   • Select Sei as the source chain and choose your destination chain.

   

   • Approve the transaction.

2. Unstake wstETH on Lido.

   • Navigate to the Lido withdraw page.

   

   • Approve the transaction.

For large transfers, start with a small test transaction to ensure a smooth process. Once comfortable, gradually increase the amount. Performing multiple test transactions is recommended to understand how the bridge operates.