Staked ether, or stETH, is a cryptocurrency token that represents an equivalent amount of ether (ETH) that has been staked. The concept of stETH is designed to solve the liquidity problem associated with staking ETH, where staked ETH becomes locked and illiquid until certain network upgrades occur.
When users stake their ETH through Lido, they receive an equivalent amount of stETH tokens in return. These tokens are pegged 1:1 with the value of ETH and can be freely traded, sold, or used in DeFi protocols, providing liquidity to the staker. Moreover, stETH holders are entitled to staking rewards, which are automatically re-staked, increasing the amount of stETH tokens in the holder's wallet over time.
In May 2023, with the completion of the Ethereum Shanghai upgrade, Lido also completed the upgrade to version V2. The most critical feature includes supporting liquidity staking users to withdraw from Lido at a 1:1 ratio, that is, users can initiate to exchange their stETH in their wallet for ETH at anytime.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Lido Staked ETH (stETH) and review the project details below.
What is the allocation for Lido Staked ETH (stETH)?
stETH does not have an initial allocation.
What is the supply schedule for Lido Staked ETH (stETH)?
stETH is an Ethereum staking derivative launched by Lido. Users can stake ETH through Lido and receive an equivalent amount of stETH at a 1:1 ratio, so the supply of stETH is always equal to the total amount of ETH staked by users on Lido. If you want to know the real-time issuance quantity of stETH, you can refer to https://lido.fi/ethereum
Staked ether, or stETH, is a cryptocurrency token that represents an equivalent amount of ether (ETH) that has been staked. The concept of stETH is designed to solve the liquidity problem associated with staking ETH, where staked ETH becomes locked and illiquid until certain network upgrades occur.
When users stake their ETH through Lido, they receive an equivalent amount of stETH tokens in return. These tokens are pegged 1:1 with the value of ETH and can be freely traded, sold, or used in DeFi protocols, providing liquidity to the staker. Moreover, stETH holders are entitled to staking rewards, which are automatically re-staked, increasing the amount of stETH tokens in the holder's wallet over time.
In May 2023, with the completion of the Ethereum Shanghai upgrade, Lido also completed the upgrade to version V2. The most critical feature includes supporting liquidity staking users to withdraw from Lido at a 1:1 ratio, that is, users can initiate to exchange their stETH in their wallet for ETH at anytime.
Above are only for introduction, not intended as investment advice.