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 United States Dollar (USD) is the official currency of the United States and one of the most widely used fiat currencies in the world. Issued by the Federal Reserve, the USD serves as the global reserve currency, playing a key role in international trade, finance, and investment. Known for its stability and liquidity, the US Dollar is commonly used as a benchmark for valuing other assets, including cryptocurrencies. In the crypto space, USD is often represented through stablecoins like USDT, USDC, and DAI, which maintain a 1:1 peg to the dollar, enabling seamless digital transactions and reducing volatility.
The STETH to USD conversion rate is the amount of USD you can receive for each unit of STETH.
Based on the current rate, you could buy 0.0005785 STETH for 1 USD.
The price of STETH decreased by 3.62% in the last 7 days.
The circulating supply of STETH is 9,026,971.
STETH's all-time high is $4,932.89.