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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 32nd largest cryptocurrency in the world by market cap, valued at $5,314,434,206. The current price of Lido Staked Ether is $3125.04, which is -1.760% lower than yesterday. Prices have ranged between $3181.03 and $3052.65 over the past 24 hours. All prices are listed in US dollars and accurate as of January 19, 2022 11:01 UTC.
| Coin symbol | STETH |
|---|---|
| Coin Marketcap | US$5,314,434,206 |
| Total STETH supply | 1,700,597 |
| Circulating STETH | 1,700,597 |
| Current price | US$3125.04 |
| All time high | US$4,829.57 |
| Industry | Liquid staking |
| Token uses | Staking, rewards |
| Network | Ethereum |
Historical prices compared with the price of US$3125.04.
| 1 hour | 0.49% |
|---|---|
| 24 hours | -1.76% |
| 7 days | -3.49% |
| 14 days | -17.54% |
| 30 days | -20.03% |
|---|---|
| 60 days | -27.08% |
| 200 days | 45.17% |
| 1 year | 150.76% |
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.