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How are lido rewards paid out?

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So i am wondering whether my lido rewards are only paid out when I unstake from the lido platform and confirm my stETH to ETH? or does my stETH balance just increase over time?

I ask this because it is considerably cheaper to just deposit stETH onto binance and then sell that to get USDT. Whereas when I try to unstake stETH on the lido platform, the fees are over $200 for an unstake action.

What should I do to convert my stETH to USDT the cheapest way possible?

submitted by /u/AssHairGod
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