About Liquid staked Ether 2 (Wormhole)
Lido Staked Ether (stETH) is a token that represents your staked ether in Lido, combining the value of initial deposit and staking rewards. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are pegged 1:1 to the ethers that are staked by Lido and the token’s balances are updated daily to reflect earnings and rewards. stETH tokens can be used as one would use ether, allowing you to earn ETH 2.0 staking rewards whilst benefiting from e.g. yields across decentralised finance products.
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Trading Insights
Searched
11
Market Stats
Market Cap
$22.52B
-0.29%
FDV
$22.52B
Circ. Supply
9M STETH
Max Supply
Not enough data
Total Supply
9M STETH
Diluted Valuation
$22.46B
Performance
Popularity
Not enough data
Dominance
0.72%
Volume (24H)
$10.77M
-63.21%
Volume (7D)
$189.88M
Volume (30D)
$1.08B
All time high
$4.69K
Price Change (1Y)
-33.71%
Additional info about Liquid staked Ether 2 (Wormhole)
Recent trends
The latest STETH price is $2,507.18. Compared to Liquid staked Ether 2 (Wormhole)'s value of $2,503.84 from 24 hours ago, there's been a 0% increase, while the current price is 0% up from $2,496.04 which was recorded one week ago. Liquid staked Ether 2 (Wormhole)'s all time high is $4,690.69, which was reached on November 12, 2021. This is a -47% change from its price today.
The market cap is currently $22.52B, which is a result of multiplying the current price of Liquid staked Ether 2 (Wormhole)($2,507.18) by the total supply(8,975,077 STETH). The fully diluted valuation of Liquid staked Ether 2 (Wormhole) is $22.52B. The diluted valuation of Liquid staked Ether 2 (Wormhole) is $22.52B.
Market details
STETH vs markets
↘ 49.97%
STETH vs BTC
↘ 56.95%
STETH vs ETH
↘ 0.31%
Tags
defi
eth-staking
liquid-staking-derivatives
restaking
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84 | |
Solana | H2mf9QNdU2Niq6QR7367Ua2trBsvscLyX5bz7R3Pw5sE | |
Terra Classic | terra1w7ywr6waxtjuvn5svk5wqydqpjj0q9ps7qct4d |
Price history
Time | Price | Change |
|---|---|---|
Today | $2,507.18 | ↗ 0.08% |
1 Day | $2,503.84 | ↗ 0.08% |
1 Week | $2,496.04 | ↗ 0.39% |
1 Month | $1,807.26 | ↗ 38.65% |
1 Year | $3,780.13 | ↘ 33.71% |
FAQ
Lido Staked ETH (stETH) is a derivative of Ethereum (ETH) that is staked on Lido, a decentralized protocol that allows users to participate in Ethereum's consensus mechanism. Lido seeks to address some of the challenges associated with staking on Ethereum, such as the requirement of a minimum of 32 ETH to stake, the indefinite lock-up period of tokens until withdrawals are enabled, and the risk of slashing if validators misbehave or go offline. By staking ETH with Lido, users can stake any amount of ETH with multiple professional validators who aim to share the slashing risks and strive to provide uptime. Lido liquifies ETH and creates staked ETH liquid by issuing stETH tokens, which can then be used in various decentralized finance (DeFi) applications.
When users stake their ETH with Lido, they receive stETH in exchange. This token represents their stake in the Ethereum network and can be held like any other ERC-20 token. In return for staking their ETH, users receive a share of the compensation generated by the network. This compensation is paid out in the form of ETH, which the protocol auto-converts into stETH and accumulates in the user's account. One of the key benefits of stETH is its liquidity, which allows it to be utilized in various decentralized applications. Traditional staking locks up funds until a pre-determined period is over, but with stETH, users can receive compensation while still having access to their funds at any time.
The primary use case for Lido Staked ETH is to enable users to participate in Ethereum's Proof of Stake consensus mechanism without needing a minimum stake. This makes it more accessible for individuals who may not have the required 32 ETH to stake directly on the Ethereum network. Additionally, stETH tokens can be used in various DeFi applications. This provides users with more flexibility and potential to receive compensation from their staked ETH. Furthermore, stETH aims to diversify its stake across different validators, reducing the risk of slashing and making it a potential option for those looking to participate in the Ethereum network with their ETH holdings.
Lido is a decentralized autonomous organization (DAO) that is governed by its community members. The team behind Lido consists of various node operators, developers, auditors, and partners who contribute to the project’s security, functionality, and growth. Some of the node operators include P2P Validator, Chorus One, Staking Facilities, Certus One, Stakefish, and others. The stETH tokens are created when users deposit their ETH into Lido’s smart contract. The contract then sends the ETH to one of Lido’s validators who stake it on behalf of the user. The user receives an equivalent amount of stETH tokens in return. The stETH tokens represent both the initial deposit and the compensation received by staking. The balance of stETH tokens increases over time as more ETH is generated through staking. The compensation is calculated based on the total amount of ETH staked on Lido and the current rate of staking.
We update our Liquid staked Ether 2 (Wormhole) to USD currency in real-time. Get the live price of Liquid staked Ether 2 (Wormhole) on Coinbase.
The current market cap of Liquid staked Ether 2 (Wormhole) is $22.52B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Liquid staked Ether 2 (Wormhole) is $4,690.69. This all-time high is highest price paid for Liquid staked Ether 2 (Wormhole) since it was launched.
Over the last 24 hours, the trading volume of Liquid staked Ether 2 (Wormhole) is $10.77M.
Assets that have a similar market cap to Liquid staked Ether 2 (Wormhole) include Wrapped TRON, Wale, Wrapped Bitcoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Liquid staked Ether 2 (Wormhole) is 9 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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