StakeHound Staked Ether (STETH)
Details about StakeHound Staked Ether cryptocurrency
€2,115,930 ( 0%)
€0
65,379
65,379
14.879
Unknown
https://stakehound.com/
@stakedTokens
208882x
€6769850
StakeHound Staked Ether price charts
STETH exchanges
StakeHound Staked Ether, the crypto
StakeHound Staked Ether (STETH) is an ERC-20 token that represents staked Ether on the Ethereum network. It is created by depositing Ether (ETH) into Ethereum’s 2.0 network, which enables users to earn staking rewards while maintaining liquidity.
The point
The main point of StakeHound Staked Ether (STETH) is to provide an alternative to holding staked Ether directly in Ethereum’s 2.0 network, which currently has a minimum staking requirement of 32 ETH. By converting staked ETH into STETH, users are able to maintain liquidity and even trade the tokens while still earning staking rewards.
The problem
StakeHound Staked Ether (STETH) tries to solve the liquidity problem associated with holding staked ETH. Prior to its introduction, staking Ether required a minimum deposit of 32 ETH, which meant that many smaller investors were priced out of the market. STETH solves this problem by providing a more accessible way for users to earn staking rewards while maintaining liquidity.
Compare STETH and BTC performance
Timeframe | STETH | BTC |
---|---|---|
1h change | 0 % | -0.123028 % |
24h change | 0 % | 2.09108 % |
7 day change | 0 % | 8.95227 % |
14 day change | 0 % | 0.0381513 % |
30 day change | 0 % | 24.8117 % |
200 day change | 0 % | 172.24 % |
Year change | -96.98 % | 160.649 % |