Lido Staked Ether STETH

1. Summary

Ranks

Liquidity

99

Developer

67

Social

97

Momentum (beta)

72

Stack Rank™

86

Price

$3,264.94 +2.8%

Market Cap

$32.09B (#6)

Supply

9.82M / 9.82M

Tags

DeFi Eth 2.0 Staking DeFi Eth 2.0 Staking Ethereum Ecosystem Liquid Staking Tokens 以太坊生态系统 Экосистема Ethereum Ethereum Ecosysteem Gedecentraliseerde financiën (DeFi)

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Price
52W High price	$4,067.48
52W High date	12th Mar 2024 (4 months ago)
All Time High (ATH) Date	10th Nov 2021 (2 years ago)
ATH Price	$4,829.57
% From ATH	-32.1%
All Time Low (ATL) Date	22nd Dec 2020 (3 years ago)
ATL Price	$482.90
% From ATL	579.04%

Supply & Trading Volume
Trading Volume (24h)	$59.45M
Total Supply	9.82M
Circulating Supply	9.82M

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Description

Lido Staked Ether (STETH)

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Lido Staked Ether (STETH)

Lido Staked Ether (STETH) is a token that represents your staked ether in Lido, combining the value of the initial deposit and staking rewards. STETH tokens are minted upon deposit and burned when redeemed. Their balances are pegged to the staked ethers and updated daily to reflect earnings and rewards. STETH tokens can be used like ether, allowing you to earn ETH 2.0 staking rewards while benefiting from yields across different finance products.

Key Features

• Liquidity: STETH tokens provide liquidity for staked ETH, enabling users to earn rewards and participate in various DeFi activities without needing to lock up their tokens.
• Staking: Lido allows users to stake any amount of ETH, eliminating the requirement for a minimum stake of 32 ETH on the Ethereum network.
• Security: By staking ETH through Lido, users can minimize their exposure to slashing risks associated with misbehaving validators.
• Gas Fees: Using Lido reduces gas fees compared to direct staking on Ethereum.
• Multi-Validator Staking: Lido stakes across multiple professional validators, thereby reducing the risk associated with staking.

Risks

• Smart Contract Risks: There is a risk of vulnerabilities or bugs in Lido's smart contracts, which could lead to losses.
• Slashing Risks: Validators are at risk of penalties for misbehavior, which could affect users.
• Token Value Risks: The value of STETH tokens may deviate from 1:1 with ETH due to market pressures or liquidity issues.

Ecosystem Integration

• MetaMask: STETH tokens can be added to MetaMask wallets, enabling users to view and manage their holdings.
• Curve: STETH tokens can be used in Curve liquidity pools.
• AAVE: Users can borrow against STETH tokens.

Governance and Audits

• Lido DAO: The decentralized autonomous organization governs the Lido protocol and ensures the security and efficiency of the staking process.
• Audits: Lido's smart contracts have been audited by multiple parties, including Certora, StateMind, Hexens, ChainSecurity, Oxorio, MixBytes, SigmaPrime, and Quantstamp, to ensure their robustness.

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