

Lido Staked Ether (STETH)

Details about Lido Staked Ether cryptocurrency
€2,147,483,647 ( 0.58476%)
€3,399,820
8,714,970
8,714,970
17.289
Unknown
https://www.lido.fi
@lidofinance
37x
€55936.1
Lido Staked Ether price charts
STETH exchanges
2) Bybit (Spot)
3) Curve (Ethereum)
4) Curve Finance
5) FTX
6) Gate.io
7) Huobi
8) LATOKEN
9) MEXC Global
10) OpenOcean
11) Uniswap (v2)
12) Uniswap (v3)
Lido Staked Ether, the crypto
Lido Staked Ether (STETH) is a tokenized representation of staked ether on the Ethereum 2.0 network. STETH is created and issued by Lido, a decentralized finance (DeFi) platform that allows users to stake their ETH and earn rewards without having to manage their own validator node.
The point
The main point of Lido Staked Ether (STETH) is to provide a way for ETH holders to earn rewards on their holdings without having to deal with the technical complexities of staking on Ethereum 2.0. STETH simplifies the staking process and allows users to easily trade, transfer, and use their staked ETH.
The problem
One of the main problems Lido Staked Ether (STETH) tries to solve is the complexity and technical knowledge required to independently stake ETH on the Ethereum 2.0 network. Additionally, staking ETH requires a minimum of 32 ETH, which limits participation to large holders, whereas STETH allows for smaller holders to participate and benefit from staking rewards.
Compare STETH and BTC performance
Timeframe | STETH | BTC |
---|---|---|
1h change | 0.107323 % | 0.234892 % |
24h change | 0.52 % | 0.337775 % |
7 day change | -3.1 % | 1.17013 % |
14 day change | -2.06 % | 3.71947 % |
30 day change | -3 % | 2.6753 % |
200 day change | 1.81 % | 18.4527 % |
Year change | 11.96 % | 28.2125 % |