What is Lido Staked Ether?
stETH tokens are the basis of the Lido staking solution, which allows users to enjoy the benefits of staking Ethereum 2.0 while still retaining their Ethereum 1.0 holdings. This is a workaround for one of the chief issues raised by the ETH 2.0 rollout – if you stake your original ETH on the new chain, the wait for transactions to be enabled could be up to 3 years, during which your ETH will be irreversibly locked. According to Stakehound, Lido allows users to stake ETH on the ETH 2.0 chain, and in exchange offers stETH tokens that are correlated 1:1 with the value of these original ETH holdings. Although they are technically derivatives, they can be used in all the same ways, granting holders valuable liquidity they'd otherwise be denied.
Lido Staked Ether (STETH) is the 6th largest cryptocurrency in the world by market cap, valued at $34,650,088,745. The current price of Lido Staked Ether is $5471.7084, which is -0.006% lower than yesterday. Prices have ranged between $5587.1469 and $5297.9922 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of March 28, 2024 11:03 UTC.
Lido Staked Ether (STETH) price
Use our graph to track the performance of (STETH) over time.How we keep this Lido Staked Ether guide up-to-date
- STETH price data is regularly updated through data feeds so you always have the latest information.
Lido Staked Ether at a glance
Coin symbol | STETH |
---|---|
Coin Marketcap | AUD$34,650,088,745 |
Total STETH supply | 9,694,324 |
Circulating STETH | 9,694,324 |
Current price | AUD$5471.7084 |
All time high | AUD$9.3636 |
All time high date | November 10, 2021 |
Industry | Liquid staking |
Token uses | Staking, rewards |
Network | Ethereum |
Lido Staked Ether price performance over time
Historical prices compared with the price of $5471.7084.
1 hour | 0.33% |
---|---|
24 hours | -0.01% |
7 days | 1.08% |
14 days | -9.81% |
30 days | 9.83% |
---|---|
60 days | 56.07% |
200 days | 120.51% |
1 year | 108.26% |
Coins similar to Staked-ether
Disclaimer: Cryptocurrencies, including Lido Staked Ether, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STETH is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Lido Staked Ether or any other cryptocurrency discussed.
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