About Lido Staked Ether Coin
Lido Staked Ether price today is $1,532.52 with a 24-hour trading volume of $257,076. STETH price is up 14.5% in the last 24 hours. It has a circulating supply of 180 Thousand STETH coins and a max supply of 183 Thousand. 1inch Liquidity Protocol is the current most active market trading it.
Lido Staked Ether (stETH) is a token that represents your staked ether in Lido, combining the value of initial deposit and staking rewards. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are pegged 1:1 to the ethers that are staked by Lido and the token’s balances are updated daily to reflect earnings and rewards. stETH tokens can be used as one would use ether, allowing you to earn ETH 2.0 staking rewards whilst benefiting from e.g. yields across decentralised finance products.