The liquid version of staked Ethereum.
Staked Ether (STETH) is a token that represents staked ETH on the Ethereum network.
It allows users to earn staking rewards while keeping their assets liquid and transferable.
Developed by Lido Finance, STETH simplifies Ethereum staking for anyone without the need to run a validator node. It is one of the most widely used liquid staking tokens in the crypto ecosystem.
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Staked Ether (STETH) Live Data
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Project Overview
Staked Ether is a derivative token that mirrors the value of staked ETH in the Ethereum 2.0 network. It's issued by Lido, a decentralized protocol that pools ETH deposits and stakes them collectively.
When users deposit ETH into Lido, they receive STETH in return - which grows in value daily as staking rewards accumulate. This token can be traded, used in DeFi, or held long-term for passive income.
STETH has become a cornerstone of the liquid staking ecosystem, offering both flexibility and yield.
Key Insights
Staked Ether bridges the gap between staking and liquidity. Users can earn staking rewards while still using their tokens in other DeFi protocols.
It plays a vital role in the Ethereum ecosystem by improving accessibility and decentralization of staking.
As Ethereum transitions fully to Proof of Stake, the importance of liquid staking solutions like Lido's STETH continues to grow.
Common Questions About STETH
1. What is Staked Ether (STETH)?
STETH is a liquid staking token representing Ethereum that has been deposited and staked through Lido Finance.
2. How does STETH earn rewards?
The token increases in value daily as staking rewards are distributed proportionally to holders.
3. Can STETH be traded?
Yes, it can be traded or used in DeFi protocols while still earning staking rewards.
4. Is STETH the same as ETH?
STETH mirrors ETH's price but also includes accrued staking rewards, so its value can slightly differ.
5. Who manages Staked Ether?
It's managed by Lido Finance, a decentralized autonomous organization (DAO) focused on liquid staking.
Market Context
STETH represents a key innovation in Ethereum's transition to Proof of Stake. It provides liquidity to stakers and stability to DeFi platforms relying on staked assets.
As the liquid staking market expands, competition among providers like Rocket Pool and Frax Ether continues to drive innovation.