About Lido Staked ETH
Lido Staked Ether (stETH) is a liquid staking derivative representing staked Ethereum via the Lido protocol. It enables users to:
- Stake any amount of ETH (no 32 ETH minimum).
- Earn daily staking rewards while maintaining liquidity.
- Use stETH across DeFi platforms (e.g., lending, yield farming).
stETH balances update daily to reflect rewards, maintaining a 1:1 peg with the underlying staked ETH.
Key Features
✅ Liquidity: Trade or use stETH instantly (unlike locked staking).
✅ Accessibility: No technical setup or validator maintenance.
✅ DeFi Integration: Leverage stETH in protocols like Aave or Curve.
Market Overview
| Metric | Value |
|-----------------|--------------------|
| Current Price | ₹217,853.23 |
| 24h Change | ↘ 1.55% |
| Market Cap | ₹1.98T |
| All-Time High| ₹400,665.86 (Nov 2021) |
Price History
| Period | Price | Change |
|-------------|--------------|--------|
| 1 Week | ₹209,314.86 | ↗ 4.20% |
| 1 Month | ₹225,863.79 | ↘ 3.03% |
How stETH Works
- Deposit ETH into Lido’s smart contract.
- Receive stETH (1:1 ratio).
- Earn Rewards: Auto-compounded daily as stETH.
👉 Explore stETH DeFi strategies
FAQs
Q: What is the advantage of stETH over direct staking?
A: stETH bypasses ETH 2.0’s 32 ETH requirement and lock-up period while offering liquidity.
Q: How are stETH rewards distributed?
A: Rewards are auto-added to your stETH balance daily.
Q: Is stETH secure?
A: Yes, Lido’s audits and multi-validator system mitigate slashing risks.
Recent Trends
- 4% price surge over the past week.
- DeFi adoption: stETH is increasingly used as collateral.
Network Addresses
| Network | Contract Address |
|--------------|------------------------------------------|
| Ethereum | 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84 |
| Solana | H2mf9QNdU2Niq6QR7367Ua2trBsvscLyX5bz7R3Pw5sE |
Why Choose stETH?
- Liquidity: Unlike native staking, stETH can be sold or used in DeFi.
- Yield Stacking: Combine staking rewards with DeFi APYs.