Currencies27531
Market Cap$ 2.07T+0.74%
24h Spot Volume$ 53.26B+4.09%
BTC Dominance49.18%-0.53%
ETH Gas38 Gwei
Cryptorank
CryptoRankCurrenciesLido Staked Ether
Report issue
Lido Staked Ether

Lido Staked Ether stETH Price $ 2,960

Rank: 7

1057 Watchlists

stETH Price

2,960
0.56%
($ 16.38)
Price Range
LowHigh
$ 2,886$ 2,975

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Description

Lido is a staking protocol built to address the issues related to the inaccessibility, limited liquidity, and immovability of staking on ETH 2.0

Lido Staked Ether (stETH) Chart

The Lido Staked Ether to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

stETH to USD Converter

Lido Staked Ether (stETH)stETH

stETH Price Statistics

leaderboard

Market Cap

$ 29.32B

FDMC

$ 29.32B

ATH Market Cap

$ 29.55B

24 Trade Vol.

$ 19.09M


Vol. (24h) / MCap

0.000651

Total Supply

stETH 9,805,888

Circulating Supply

stETH 9.81M

(100% of Total Supply)

Listing Date

21 Dec 2021

All Time High

$ 4,119

23 Dec 2021


All Time Low

$ 832.46

18 Jun 2022


From ATH

27.4%

From ATL

259.2%

Lido Staked Ether Price Analysis

What is Lido Staked Ether (stETH)?

Lido is an Ethereum-based staking protocol that allows users to stake their ETH and receive rewards in return. The platform aims to solve the illiquidity, immovability, and accessibility issues associated with staking on ETH 2.0. The platform is built on Ethereum 2.0’s Beacon chain, and users can earn rewards without having to lock Ether in smart contracts or take part in the maintenance of the staking infrastructure.

The stETH token represents the staked ETH on the Lido platform. Any associated staking rewards are also distributed in stETH. stETH is pegged 1:1 to the value of ETH and can be used in exactly the same way as its counterpart, ie. across DeFi products operating on the Ethereum network.

What are Lido Staked Ether’s key features and how does it work?

In order to receive stETH tokens, a user must deposit ETH into smart contracts on the Lido platform. Tokens are then staked on ETH 2.0 by smart contracts facilitated by node operators. The platform collates and then stakes on Ethereum 2.0 in batches of 32 ETH, as required by the network. The amount of stETH distributed is proportional to the amount of Beacon chain Ether. A 10% fee is charged from the accumulated staking reward, half of which is sent to node operators and the other half goes towards the Lido Treasury and its activities.

The Lido staking protocol is governed by the Lido DAO, which is built on Aragon framework. Governance token holders are entitled to take part in the DAO’s activities which include voting on key metrics and parameters. For example, determining fees, and assigning node operators and oracles, among other key decisions. LDO is the token required for participating in DAO operations. The more LDO held the more weight during a vote. The DAO also takes charge of delegating accumulated service fees and deciding how they are spent. This could include insurance, research and development, as well as protocol upgrades.

The Lido platform is secured via its innovative use of validators. Users stake across many validators, instead of just one, which helps to minimize associated risks and prevents malicious attacks.

The Lido ecosystem comprises other Liquid Staking Protocols, as well as the Ethereum one as outlined here. For example, Lido Liquid Staking Protocols exist for Terra, Solana, Polygon, and Cosmos.

What can stETH be used for?

As mentioned, stETH can be used exactly in the same way as ETH. It can be transferred at any time and redeemed (converted back into ETH) as a user wishes.

Examples of such applications where stETH can be used are:

  • Balancer which operates as an automated portfolio manager and trading platform;
  • Curve, an exchange liquidity pool built for trading stablecoins; 
  • MakerDAO which lets users use digital assets as collateral for loans;
  • Harvest Finance, which is an application allowing users to high earn yields across DeFi protocols.

Where can you buy stETH?

stETH is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Gate.io, Uniswap V2, and Bybit Swap. The price of stETH will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for stETH market price, please view the price charts on this page.

Lido Staked Ether Price Today

Lido Staked Ether's current price is $ 2,960, it has increased +0.56% over the past 24 hours.

Lido Staked Ether's All Time High (ATH) of $ 4,119 was reached on 23 Dec 2021, and is currently -28.1% down.

The current circulating supply of Lido Staked Ether is 9.81 Million tokens, and the maximum supply of stETH is unlimited.

Lido Staked Ether’s 24 hour trading volume is $ 18.31 Million.

Lido Staked Ether's current share of the entire cryptocurrency market is 1.40%, with a market capitalization of $ 29.02 Billions.

Trending Coins and Tokens