Lido Staked Ether (stETH) is a decentralized crypto asset that represents staked ether on the Ethereum network. It allows users to earn staking rewards on their ETH holdings while maintaining liquidity and accessibility.
Lido Staked Ether (stETH) is a feature in the cryptocurrency world that enables users to earn staking rewards on their Ethereum tokens without actively participating in the staking process.
Staking is a method used by blockchain networks to secure and validate transactions, requiring users to hold tokens in a staking mechanism. However, this often involves locking up tokens for a specific period, which can limit flexibility. Lido Staked Ether solves this problem by allowing users to deposit their ether and receive stETH tokens, representing their staked ether.
The Philippine Peso (PHP) is the official currency of the Philippines, issued by the Bangko Sentral ng Pilipinas (BSP). The Philippines has a rapidly growing crypto market, with strong adoption of play-to-earn gaming and remittance-focused stablecoins pegged to PHP. Several exchanges provide PHP trading pairs for crypto enthusiasts.