Connect with us
  • tg

LIDO STAKED ETHER Price Chart

Cryptocurrency News

MORE NEWS
VeChain Kicksoff $15M StarGate Staking Program After SEC’s
Staking Clarity
45 mins ago

VeChain Kicksoff $15M StarGate Staking Program After SEC’s Staking Clarity

Layer 1 blockchain platform, VeChain, is set to launch its $15 million StarGate staking program on July 1. The latest rollout is expected to be...

Hackers Suck at Trading: The Story of How This Fraudster
Lost $7M Trading ETH
45 mins ago

Hackers Suck at Trading: The Story of How This Fraudster Lost $7M Trading ETH

An on-chain analytics firm analyzes the losses from a fraudulent wallet. The beauty of trading on-chain lies in the fact that every transaction is 100%...

Shiba Inu-Themed Meme Coin Tanks After OKX Says Goodbye:
Details
45 mins ago

Shiba Inu-Themed Meme Coin Tanks After OKX Says Goodbye: Details

TL;DR A popular meme coin within SHIB’s ecosystem nosedived by double digits after OKX withdrew its support. Team member LUCIE addressed the panic, urging users...

Bitcoin (BTC) Made History in Q2 but What’s Next?
45 mins ago

Bitcoin (BTC) Made History in Q2 but What’s Next?

TL;DR After a standout second quarter, Bitcoin has solidified its status as the leading force in the cryptocurrency market. The cryptocurrency has also achieved a...

Solana vs. Ethereum in 2025: What’s Happening Beyond the
Price Struggles
45 mins ago

Solana vs. Ethereum in 2025: What’s Happening Beyond the Price Struggles

Solana’s average monthly trading volume has climbed sharply so far in 2025, which reflects continued trader interest and liquidity rotation toward the network despite broader...

Lido Staked Ether (STETH) is an ERC-20 token that provides a reward when staking ETH 2.0. It is issued by the Lido project, which allows you to count on profits in tokens of the second version of the Ether without blocking your own assets and without infrastructure support, for example, through lending. 

Why opt for Lido stake?

At the core of this project is the Lido DAO, a decentralized autonomous organization that provides Ethereum liquid staking services. With Lido staking, you can prepare for the launch of Ethereum 2.0 regardless of the amount of capital available.

Lido addresses key issues with ETH 2.0 staking, including:

  • low liquidity, 
  • low availability. 

Again, with Lido ETH stake, users can participate in Ether staking with any amount of funds.

Lido Staked Ether coin (STETH) price

Lido Staked Ether (STETH) tokens, which are the “guarantor” of Ether, are minted when deposited in Lido and then burned when redeemed. The balances of these tokens are pegged to the original Ether in a ratio of 1:1. Daily balances are updated when oracles generate reports for the past day.

The STETH rate, accordingly, is always tied to the value of ETH, so that after the ETH deposit contract is unlocked, all owners can receive the corresponding amount in new Ether by liquidating STETH.  Also you can see Litecoin and Shiba inu price chart.

How to stake ETH on Lido?

The user must deposit Ether into Lido smart contracts. For this action, they receive STETH (staked ETH) tokens, which reflect the user’s balance in the Beacon Chain (ETH 2.0 chain), and also entitle them to any rewards or penalties related to Beacon Chain validators. 

When transactions are launched on this chain (perhaps by 2023), the Lido ETH stake participants will be able to redeem Ether along with all rewards, liquidating STETH. 

Until then, STETH can be freely bought and sold on exchanges, that is, the asset is not tied specifically to the Lido stake platform.

Structural elements of Lido:

  • Staking pool (protocol for managing deposits, rewards, and withdrawals). Includes oracles, withdrawal authority, rewards, and a list of node operators.
  • A liquid stake Lido token representing a 1:1 balance of a user’s Ether on the Beacon Chain.
  • A decentralized autonomous organization that manages protocol parameters.

To stake Lido or not to stake?

The decentralized autonomous organization Lido has attracted a lot of attention, thanks not only to its convenient opportunities for staking Ether with any capital investment but also to its unusual approach to governance. 

The system has an LDO control token (Lido Staked Ether coin), which is distributed as the stakeholders themselves see fit. 

Betting service providers are selected by the DAO. Users who stake ETH cannot choose which staker to send their assets to. 

Currently, among the stakers are well-known companies specializing in this area of ​​activity: 

  • Stakefish, 
  • Staking Facilities, 
  • P2P, 
  • Certus, 
  • Chorus One.
Show more

©2021-2024 Letizo All Rights Reserved