|Market Cap||21.90 B|
|24 Hour Trading Vol||398.15 M|
|Fully Diluted Valuation||21.90 B|
|Total Supply||9.24 M|
|Max Supply||9.24 M|
stETH is the tokenized version of staked Ether native to Lido.
Lido is an Ethereum-based liquid staking solution supported by many industry-leading staking providers. It permits participation with any quantity of ETH and makes staked ETH liquid.
stETH includes the amount of your initial staking payment as well as daily staking payouts. Your stETH balance is updated daily at 12pm UTC to reflect achieved staking incentives, via a token supply rebase.
Lido's stETH may be used in the same way as ether is, with holders earning Eth2 staking benefits in addition to incentives through integrated platforms like Curve and SushiSwap.
When people stake their ETH using Lido, they receive stETH in exchange for the amount staked. stETH can be traded on exchanges to effectively redeem for Ethereum once enabled.
As a user's staked ETH earns ETH 2.0 staking incentives, the user's ETH balance on the beacon chain grows. Your stETH balances will change accordingly once daily, allowing you to access the value of your staking earnings from ETH 2.0 to ETH 1.0.
Users may use stETH in the same manner that they can use ETH: sell it, spend it, and use it as collateral for on-chain lending because it is DeFi compatible. When transactions are permitted on ETH 2.0, customers may now redeem stETH for ETH.
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