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Lido Staked Ether
Lido Staked Ether

Lido Staked Ether

steth

$3,446.81Price Change 24h: 7.69%Price data by Coingecko logoCoinGecko

Lido Staked Ether Price Chart

Lido Staked Ether Price Converter

steth

24-Hour Range

$3,200.53 $3,446.81
LowHigh

Market Cap

Rank#7
Market Cap$33.38B
Volume$67.94M

Supply

Circulating9.72M
Total9.72M
Created on01/01/1970

All Time High

ATH$4.83K
ATH Change-28.92%
ATH Date11/10/2021

Lido Staked Ether Price Perfomance

PeriodChange [%]LowHigh
24h7.69%$3,200.53$3,443.05
7 days15.05%$3,426.92$3,510.27
14 days-0.67%$3,426.92$3,510.27
1 month-2.99%$3,542.3$3,571.51
1 year78.11%$1,863.11$2,003.53

Lido Staked Ether OHLC

DatePriceNet ChangeChange [%]PriceNet ChangeChange [%]
07/09/2024Close3,016.0487.933.00%High3,069.39-0.81-0.03%
Open2,924.58-142.37-4.64%Low2,827.14-90.69-3.11%
07/08/2024Close2,928.11-133.96-4.37%High3,070.2-4.25-0.14%
Open3,066.9590.313.03%Low2,917.83-36.99-1.25%
07/07/2024Close3,062.0780.252.69%High3,074.45-27.82-0.90%
Open2,976.64-89.44-2.92%Low2,954.82125.294.43%
07/06/2024Close2,981.82-84.41-2.75%High3,102.27-205.3-6.21%
Open3,066.08-224.71-6.83%Low2,829.53-216.97-7.12%
07/05/2024Close3,066.23-229.11-6.95%High3,307.57-116.45-3.40%
Open3,290.79-125.83-3.68%Low3,046.5-209.46-6.43%
07/04/2024Close3,295.34-120.55-3.53%High3,424.02-33.21-0.96%
Open3,416.62-23.84-0.69%Low3,255.96-138.83-4.09%
07/03/2024Close3,415.89-22.12-0.64%High3,457.23-53.04-1.51%
Open3,440.469.740.28%Low3,394.79-32.13-0.94%

* Price information provided by CoinGecko. Day starts at UTC 00:00

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1. What is stETH?

stETH is a type of cryptocurrency token that you receive when you stake Ether (ETH) through the Lido platform. It represents your staked ETH and accumulates staking rewards over time. Essentially, stETH is a liquid version of staked ETH, meaning you can put it to work in DeFi while still earning rewards from staking.

2. How does stETH work?

When you deposit ETH into Lido, new stETH tokens are created for you. These tokens reflect your staking rewards daily through a process called a "rebase," which happens at 12 PM UTC. Your stETH balance grows automatically with the staking rewards.

3. Why does the price of stETH deviate from ETH?

The price of stETH can be different from ETH due to market demand and liquidity. For example, on June 11, 2022, 1 stETH was worth 0.955 ETH because of market liquidity issues. At the time of writing, 1 stETH was 0.9995 ETH.

4. What are the uses of stETH?

You can use stETH like ETH in various decentralized finance (DeFi) activities. This includes earning staking rewards and participating in lending, borrowing, and providing liquidity to earn additional returns.

5. What is the rebase mechanism?

The rebase mechanism updates your stETH balance daily based on the staking rewards accrued. This happens automatically at 12 PM UTC.

6. How are stETH tokens minted and burned?

When you stake ETH with Lido, you receive an equal amount of stETH tokens. If you want to convert stETH back to ETH, the stETH tokens are burned, and the corresponding amount of ETH is given back to you.

7. What are the risks associated with stETH?

Using stETH involves several risks:

  • Liquidity Risk: The value of stETH compared to ETH can change due to market conditions.
  • Governance Risk: Changes in Lido's governing body could affect the staking process or stETH's value.

8. When was stETH launched?

stETH was launched in December 2020 after Ethereum transitioned to the Proof of Stake (PoS) consensus mechanism.

Latest posts about Lido Staked Ether

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depiction of the SEC

SEC Targets Ethereum Liquid Staking

The lawsuit alleging Lido and Rocket Pool are violating securities laws comes less than two weeks after the SEC dropped its Ethereum investigation.
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Aave Community Backs Lido Alliance, Greenlighting stETH-Focused V3 Deployment

Aave Community Backs Lido Alliance, Greenlighting stETH-Focused V3 Deployment

Aave’s community passed a proposal to launch a Lido-focused deployment of v3 designed to facilitate recursive stETH borrowing.
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Mellow Finance to Help Lido Hold On to its Place as Largest DeFi Protocol

Mellow Finance to Help Lido Hold On to its Place as Largest DeFi Protocol

The liquid restaking protocol could help boost Lido's stETH market cap.
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Lido Proposes Alliance Promoting stETH-Based Restaking Ecosystem

Lido Proposes Alliance Promoting stETH-Based Restaking Ecosystem

Lido has suffered multiple months of outflows as liquid restaking protocols grow.
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Restaking Overtakes Liquid Staking In Monthly Inflows

Restaking Overtakes Liquid Staking In Monthly Inflows

The biggest winner was EtherFi, while Lido saw $1B+ of outflows.
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Lido Finance Implements Simple DVT to Increase Ethereum Node Operators

Lido Finance Implements Simple DVT to Increase Ethereum Node Operators

DVT implementation helps ease worries about Lido controlling too much staked ETH.
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LDO Spikes 10% On Fake Revenue Sharing Proposal

LDO Spikes 10% On Fake Revenue Sharing Proposal

The since-deleted proposal in Lido’s governance forum floated the idea of revenue being distributed to LDO stakers.
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Tranchess Offers Leveraged stETH Exposure Following V3 Launch

Tranchess Offers Leveraged stETH Exposure Following V3 Launch

Tranchess v3 introduces leveraged and fixed staking rewards for stETH positions.
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Lido Dominance Recedes Despite Blast TVL Climbing To New Highs

Lido Dominance Recedes Despite Blast TVL Climbing To New Highs

Lido's staked Ether dominance has trended down since early December.
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Blast Attracts Widespread Criticism Despite Surging TVL

Blast Attracts Widespread Criticism Despite Surging TVL

Blast attracts nearly $500M in five days despite only comprising a deposit contract