Lido is a decentralized staking platform for Ethereum, offering liquid ETH staking with no minimum deposit. More
| Fully Diluted Valuation | $31.78B |
|---|---|
| 24H Trading Volume | $83.77M |
| 24H Low / High | $3.73K / $ 3.95K |
| Circulating Supply | 8.49M |
| Total Supply | 8.49M |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 5 more |
|---|---|
| Founder | Konstantin Lomashuk 2 more |
| Website | lido.fi |
| Socials | 3 more |
| Chains | Ethereum Ecosystem |
| Explorer | Dex 3 more |
| Contracts |
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| Name | Pair | OG Score |
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Lido Staked Ether $STETH is a pioneering liquid staking solution designed to enhance user participation in staking on Ethereum 2.0 without compromising liquidity. As a dominant force in the staking landscape, $STETH has successfully bridged the gap between staking assets and active participation in the decentralized finance (DeFi) ecosystem.
Lido $STETH was established in December 2020 shortly after the launch of Ethereum 2.0's Beacon Chain. The project aimed to simplify the staking process while addressing key limitations of traditional staking protocols, such as liquidity constraints and high minimum staking requirements. One of its most notable achievements was partnering with top DeFi platforms to integrate $STETH as a core component, enabling users to use their staked Ether in lending, trading, and other DeFi activities.
Since its inception, Lido $STETH has emerged as one of the leading liquid staking protocols, achieving significant milestones, including:
Surpassing 10 million ETH staked through its platform as of 2025.
Continuous integration with major DeFi protocols like Curve, Aave, and Uniswap.
Expanding its validator network to improve decentralization and minimize risk.
Lido $STETH revolutionizes staking by providing a liquid staking model. Unlike traditional staking, where funds remain locked for extended periods, staking ETH through Lido enables users to receive $STETH tokens in return. These tokens act as a receipt for staked ETH and accrue staking rewards automatically while maintaining liquidity.
Key Features:
Liquid Staking Mechanism: When users stake ETH on Lido $STETH, they receive $STETH tokens, which represent their staked assets plus accrued rewards. This approach allows users to hold $STETH as interest-bearing assets usable across DeFi.
Decentralized Validator Network: Lido $STETH distributes staked ETH among a diverse network of professional validators, reducing centralization risks and maintaining network security.
Non-Custodial Protocol: Users retain full ownership of their assets, reinforcing transparency and reliability.
Reward Compounding: $STETH automatically reflects staking rewards, providing users with continuously updated token balances.
Compared to competitors, such as other staking-as-a-service providers, Lido $STETH excels in liquid accessibility, a robust DeFi ecosystem, and seamless integration with Ethereum-enhancing technologies.
Lido Staked Ether $STETH has garnered widespread adoption across the blockchain ecosystem. Its unique properties create a versatile use case for individuals, institutions, and developers:
DeFi Platforms: $STETH is accepted as collateral for borrowing on decentralized lending platforms like Aave and MakerDAO. It also facilitates liquidity provision within Curve pools, enabling users to earn yield while holding $STETH.
Institutional Staking Services: Institutions leverage $STETH to participate in staking while maintaining flexibility for other investment strategies.
Infrastructure for Developers: Developers use $STETH-backed protocols to build secondary services and use cases, such as yield optimizers, portfolio management tools, and automated trading strategies.
Lido Staked Ether $STETH operates on a utility-driven token model tightly correlated to the Ethereum ecosystem. The tokenomics are pivotal to its continued growth:
Value Proposition: $STETH’s value mirrors staked ETH plus accrued staking rewards. This direct linkage ensures consistent value appreciation over time.
Liquidity Utility: $STETH is actively traded on major decentralized and centralized exchanges, supporting vital liquidity for staked positions.
Demand Drivers: As staked ETH continuously accumulates rewards, the number of projects accepting $STETH as collateral increases, boosting its demand and relevance within the Ethereum landscape.
The robust demand for $STETH stems from its usability in DeFi, its intrinsic value from staking rewards, and its seamless integration into the broader Ethereum ecosystem.
The Lido $STETH ecosystem benefits from an active and highly engaged community. This community plays a significant role in governance through Lido DAO, where token holders actively propose and vote on key decisions such as validator selection and fee structures.
Ecosystem Highlights:
Spread of Validators: Lido $STETH collaborates with reputable validators worldwide. This distributed setup minimizes downtime or centralization risks, ensuring a transparent staking environment.
Developer Growth: The open-source nature of Lido $STETH encourages developers to innovate by building new financial products leveraging $STETH.
Strategic Partnerships: Lido $STETH has forged partnerships with platforms like Coinbase, Uniswap, and Curve. These alliances ensure a steady supply of innovative integrations that expand its usability.
Although government-level interest in $STETH remains speculative, the increasing embrace of Ethereum by institutions indirectly elevates $STETH's prominence.
As of 2025, Lido $STETH has achieved several major developments to enhance its platform offerings:
Protocol Upgrades: Seamless transitions to Ethereum's latest forks and updates have solidified $STETH's compatibility and network efficacy.
Multi-Chain Staking: Beyond Ethereum, Lido $STETH will soon include potential expansions to staking on secondary layers such as zkSync, broadening its applications.
Enhanced Decentralization: Steps have been taken to further decentralize the validator network ensuring operational security.
Lido Staked Ether $STETH stands as a vital project bridging Ethereum staking with DeFi liquidity. Its groundbreaking approach to liquid staking, robust tokenomics, and widespread adoption among DeFi platforms underline its continued growth and relevance. With substantial community participation, consistent protocol updates, and integrations across decentralized financial applications, Lido $STETH is positioned to remain a cornerstone of Ethereum’s expanding staking economy
Lido Staked Ether $STETH continuously updates $STETH balances to include accrued staking rewards, eliminating the need for manual claims. This auto-compounding mechanism enhances user convenience and maximizes yield without requiring additional interactions.
Lido $STETH distributes staked ETH across a decentralized network of professional validators. By diversifying staked assets, the protocol reduces risks like downtime or penalties from underperforming validators, ensuring stability and reliability for stakers.
Lido Staked Ether $STETH is widely supported in DeFi, allowing users to lend, borrow, and earn yield across platforms like Aave, Curve, and Uniswap. These integrations enable stakers to put their $STETH to work without sacrificing exposure to staking rewards.
Lido Staked Ether $STETH offers a simplified staking process through its intuitive interface and requires no minimum stake amount. Combined with its seamless integration across major DeFi platforms, it lowers the entry barrier for users seeking to participate in Ethereum staking.
The Lido DAO allows $LDO token holders to govern critical decisions, such as validator selection and fee structures. This decentralized governance model ensures that users have a voice in shaping the protocol’s future, reinforcing community trust and decentralization.
Partnerships with platforms like Coinbase, Curve, and Uniswap have significantly enhanced $STETH's liquidity and integration within the DeFi ecosystem. These collaborations ensure that $STETH remains a critical asset for diverse financial applications across blockchain networks.
Lido $STETH actively aligns its technical architecture with Ethereum 2.0 updates, such as the merge to Proof of Stake. This proactive approach ensures smooth transitions and continued compatibility, enabling users to benefit from Ethereum’s scalability improvements seamlessly.
$STETH’s programmability, reward-bearing functionality, and widespread adoption in DeFi platforms make it an ideal asset for developers. It allows for the creation of yield strategies, automated trading tools, and collateral-based products, fostering innovation within Ethereum’s ecosystem.
Lido Staked Ether $STETH employs a diversified validator set and continuously expands its network to enhance decentralization. By onboarding reputable validators from various regions, the protocol reduces centralization risks, ensuring a secure and distributed staking infrastructure.
Lido Staked Ether ($STETH) introduces liquid staking, allowing users to earn Ethereum staking rewards while keeping their assets liquid. Unlike traditional staking, where ETH is locked, $STETH can be traded, lent, or used across DeFi platforms without active participation, offering both accessibility and flexibility.
Lido Staked Ether was founded in late 2020 by Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish, known as Cobie online.
Lido Staked Ether has garnered support from Paradigm, a16z Crypto, Three Arrows Capital, Lido DAO and other investors and partners.
You can buy Lido Staked Ether (STETH) on MEXC, Gate.io, OKX, BitgetBybit cryptocurrency exchanges.
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