Lido Staked SOL (STSOL) price, chart, coin profile and news

Find the latest Lido Staked SOL (STSOL) price, coin profile, news and history to get you started with Lido Staked SOL trading and investing.

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What is Lido Staked SOL?

stSOL is a liquidity provider (LP) token that represents a user’s share of staked SOL tokens within the Lido protocol’s SOL pool. The Lido protocol is a decentralised finance (DeFi) application that allows users to stake tokens while retaining liquidity. Originally developed for the Ethereum blockchain, the application now offers services to users of the Solana, Terra, Kusama, and Polygon networks.

According to the project’s website, Lido pools all users’ staked SOL tokens and uses them to earn staking rewards within the Solana blockchain. Rewards are then distributed to all members of the staking pool. For each SOL deposited within the Lido SOL pool, a user receives stSOL at a ratio of 1:1. Using this mechanism, Lido aims to lower the barrier to entry for those that wish to stake SOL tokens and allow the amplification of a user’s liquidity.

Users can deposit SOL funds into the Lido pool, which then chooses which validators within the Solana blockchain to delegate funds to. The application ensures that user’s funds are spread across multiple leading validators hand-picked by the Lido decentralised autonomous organisation (DAO). As a user receives the stSOL token when SOL is deposited, the stSOL can then be used to generate further yield within the DeFi ecosystem. The stSOL token can be used to participate in other DeFi activities, such as liquidity mining and yield farming, therefore, amplifying a user’s liquidity.

Lido Staked SOL (STSOL) is the 230th largest cryptocurrency in the world by market cap, valued at $140,542,195. The current price of Lido Staked SOL is $75.3408, which is -8.506% lower than yesterday. Prices have ranged between $86.2992 and $74.736 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 18, 2022 03:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Lido Staked SOL (STSOL) price

Use our graph to track the performance of (STSOL) over time.

Lido Staked SOL at a glance

Information last updated May 18, 2022 03:05 UTC.
Coin symbol STSOL
Coin Marketcap AUD$140,542,195
Total STSOL supply 2,674,943
Circulating STSOL 2,674,943
Current price AUD$75.3408
All time high AUD$545.8608
All time high date November 07, 2021

Lido Staked SOL price performance over time

Historical prices compared with the price of $75.3408.

1 hour -1.01%
24 hours -8.51%
7 days -24.01%
14 days -41.20%
30 days -49.67%
60 days -43.45%
200 days -73.99%
1 year N/A

Disclaimer: Cryptocurrencies, including Lido Staked SOL, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STSOL 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 SOL or any other cryptocurrency discussed.

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