stETH is the tokenised form of staked Ether native to Lido. Lido is a liquid staking solution for Ethereum backed by several industry-leading staking providers. It makes staked ETH liquid and allows participation with any amount of ETH. stETH combines the value of your initial staking deposit plus staking rewards which accrue daily. Your stETH balance updates daily as 12pm UTC to reflect earned staking rewards, with the update taking place through a token supply rebase.
Lido’s stETH can be used as one would use ether, allowing holders to earn Eth2 staking rewards in addition to rewards through integrated platforms like Curve and SushiSwap.
When users stake their ETH with Lido they receive stETH in return representing their staked balance. stETH can be sold on exchanges - to effectively unstake - or redeemed for Ethereum once enabled. As a user’s staked ETH generates staking rewards from ETH 2.0, the user’s ETH balance on the beacon chain will increase. stETH balances will update correspondingly once per day allowing you to access on ETH 1.0 the value of your staking rewards received on ETH 2.0.
Users can use stETH in all of the same ways that they can use ETH: sell it, spend it and, since it is compatible to be used in DeFi, use it as collateral for on-chain lending. When transactions are enabled on ETH 2.0, users can also redeem stETH for ETH.
The supply of stETH tracks the number of ETH deposited into the Lido contract. The total supply of stETH can be tracked via the token contract address. stETH is available for trading on a growing number of exchanges including Curve, 1Inch, Uniswap and SushiSwap.
* Forex Rating accepts no liability for any errors in the Lido stETH Price or STETH Information. For the most recent information please visit the Lido stETH official site.
The crypto market capitalisation fell to 1.83 trillion, losing 7.3% in the past 24 hours. As we had feared, the selloff was triggered by sharply negative sentiment in US equity markets...
21 Jan 2022
The Crypto Fear and Greed Index remains at 24 for the third day, matching the extreme fear assessment. However, such a low index reading this time does little...
20 Jan 2022
Crypto market capitalisation slipped another 1.4% to $1.97trn. Attempts to rebound with a return above the round level faced further pressure in the morning...
19 Jan 2022
The cryptocurrency market lost 2% of its capitalisation in the past day to $2.0trn. Buyers stepped up in the market between 8-11 January, soon after a dip to this round level....
18 Jan 2022
With the USD taking a breather, not only metals but also cryptocurrencies had a chance to bounce, with BTC finally being able to mount a recovery mid-week...
18 Jan 2022
The Cryptocurrency Fear and Greed Index has been cruising between 21-23 for the past seven days - in the extreme fear territory, finding itself in the middle of that range on Monday...
17 Jan 2022
© 2006-2022 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.