About Lido Staked ETH
Lido Staked Ether (stETH) is a token that represents your staked ether in Lido, combining the value of initial deposit and staking rewards. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are pegged 1:1 to the ethers that are staked by Lido and the token’s balances are updated daily to reflect earnings and rewards. stETH tokens can be used as one would use ether, allowing you to earn ETH 2.0 staking rewards whilst benefiting from e.g. yields across decentralised finance products.
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Market Stats
Market Cap
$16,730,097,321.12
0.4%
FDV
Not enough data
Circulating Supply
9,248,923.743 stETH
Max Supply
Not enough data
Total Supply
9,248,923.743 stETH
Diluted Valuation
$16,725,760,262.00
Performance
Popularity
Not enough data
Dominance
0.58%
Volume (24H)
$15,128,222.52
-0.23%
Volume (7D)
$128,481,724.81
Volume (30D)
$462,636,794.71
All time high
$4,690.69
Overall Price Change (1Y)
-0.44%
Additional info about Lido Staked ETH
Recent trends
The price of Lido Staked ETH has decreased by 0.31% in the last hour and increased by 0.39% in the past 24 hours. Lido Staked ETH’s price has also risen by 11.17% in the past week. The current price is $1,809.34 per stETH with a 24-hour trading volume of $15.13M. Currently, Lido Staked ETH is valued at 61.43% below its all time high of $4,690.69. This all-time high was the highest price paid for Lido Staked ETH since its launch. The current circulating supply of Lido Staked ETH is 9,248,923.743 stETH which means that Lido Staked ETH has as total market cap of $16,730,097,321.12.
Market details
stETH vs markets
↘ 56.56%
stETH vs BTC
↘ 62.3%
stETH vs ETH
↗ 0.01%
Tags
eth-staking
liquid-staking-derivatives
restaking
rehypothecated-crypto
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84 | |
Solana | H2mf9QNdU2Niq6QR7367Ua2trBsvscLyX5bz7R3Pw5sE | |
Terra Classic | terra1w7ywr6waxtjuvn5svk5wqydqpjj0q9ps7qct4d |
Price history
Time | Price | Change |
|---|---|---|
Today | $1,809.34 | ↗ 0.39% |
1 Day | $1,798.09 | ↗ 0.39% |
1 Week | $1,623.99 | ↗ 11.17% |
1 Month | $1,898.82 | ↘ 4.75% |
1 Year | $3,213.40 | ↘ 43.72% |
FAQ
Lido Staked ETH (stETH) is a derivative of Ethereum (ETH) that is staked on Lido, a decentralized protocol that allows users to participate in Ethereum's consensus mechanism. Lido seeks to address some of the challenges associated with staking on Ethereum, such as the requirement of a minimum of 32 ETH to stake, the indefinite lock-up period of tokens until withdrawals are enabled, and the risk of slashing if validators misbehave or go offline. By staking ETH with Lido, users can stake any amount of ETH with multiple professional validators who aim to share the slashing risks and strive to provide uptime. Lido liquifies ETH and creates staked ETH liquid by issuing stETH tokens, which can then be used in various decentralized finance (DeFi) applications.
When users stake their ETH with Lido, they receive stETH in exchange. This token represents their stake in the Ethereum network and can be held like any other ERC-20 token. In return for staking their ETH, users receive a share of the compensation generated by the network. This compensation is paid out in the form of ETH, which the protocol auto-converts into stETH and accumulates in the user's account. One of the key benefits of stETH is its liquidity, which allows it to be utilized in various decentralized applications. Traditional staking locks up funds until a pre-determined period is over, but with stETH, users can receive compensation while still having access to their funds at any time.
The primary use case for Lido Staked ETH is to enable users to participate in Ethereum's Proof of Stake consensus mechanism without needing a minimum stake. This makes it more accessible for individuals who may not have the required 32 ETH to stake directly on the Ethereum network. Additionally, stETH tokens can be used in various DeFi applications. This provides users with more flexibility and potential to receive compensation from their staked ETH. Furthermore, stETH aims to diversify its stake across different validators, reducing the risk of slashing and making it a potential option for those looking to participate in the Ethereum network with their ETH holdings.
Lido is a decentralized autonomous organization (DAO) that is governed by its community members. The team behind Lido consists of various node operators, developers, auditors, and partners who contribute to the project’s security, functionality, and growth. Some of the node operators include P2P Validator, Chorus One, Staking Facilities, Certus One, Stakefish, and others. The stETH tokens are created when users deposit their ETH into Lido’s smart contract. The contract then sends the ETH to one of Lido’s validators who stake it on behalf of the user. The user receives an equivalent amount of stETH tokens in return. The stETH tokens represent both the initial deposit and the compensation received by staking. The balance of stETH tokens increases over time as more ETH is generated through staking. The compensation is calculated based on the total amount of ETH staked on Lido and the current rate of staking.
We update our Lido Staked ETH to USD currency in real-time. Get the live price of Lido Staked ETH on Coinbase.
The current market cap of Lido Staked ETH is $16.73B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Lido Staked ETH is $4,690.69. This all-time high is highest price paid for Lido Staked ETH since it was launched.
Over the last 24 hours, the trading volume of Lido Staked ETH is $15.13M.
Assets that have a similar market cap to Lido Staked ETH include Wrapped TRON, Wrapped Bitcoin, FITCHIN Universe, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Lido Staked ETH is 9.2 million.
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Social stats
Popularity in posts
#495
Contributors
21
Posts
30
% About Lido Staked ETH
0.063%
Hold times
0 days
X (Twitter)
25% bullish
Sentiment
4.2 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
21 unique individuals are talking about Lido Staked ETH and it is ranked #495 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Lido Staked ETH has an average sentiment score of 84 out of 5. Finally, Lido Staked ETH is becoming less newsworthy, with 0 news articles published about Lido Staked ETH.
On Twitter, people are mostly neutral about Lido Staked ETH. There were 25% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Lido Staked ETH. 75% of tweets were neutral about Lido Staked ETH. These sentiments are based on 5 tweets.
On Reddit, Lido Staked ETH was mentioned in 24 Reddit posts and there were 21 comments about Lido Staked ETH. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Lido Staked ETH calculator
1 Lido Staked ETH (stETH) to Real (BRL)
R$10,286.13
1 Lido Staked ETH (stETH) to Nigerian Naira (NGN)
NGN 2,906,981.87
1 Lido Staked ETH (stETH) to South Korean Won (KRW)
₩2,611,107.08
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.