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View ChartLido Staked ETH (STETH) is a leading liquid staking token that provides liquidity and flexibility to Ethereum stakers.
Key takeaways
Lido Staked ETH (STETH) is a transferable rebasing utility token that represents a share of the total ETH staked through the Lido protocol, consisting of user deposits and staking rewards. Because stETH rebases daily, it communicates the position of that share daily. TradingView categorises it as Derivatives. It enables participation in Ethereum's proof-of-stake consensus while remaining liquid.
| Item | Details |
|---|---|
| Name (Ticker) | Lido Staked ETH (STETH) |
| Alternative Names | stETH |
| Consensus Mechanism | Ethereum Proof-of-Stake (via Lido protocol delegation) |
| Smart Contracts | Yes (ERC-20 Rebase Token). Ethereum address: 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84 |
| Category | Liquid Staking / DeFi |
| Hash Algorithm | Keccak-256 (underlying Ethereum security) |
| Block Reward | Dynamic, based on Ethereum network staking rewards. Distributed to STETH holders via rebasing. |
| Circulating Supply | Approximately 9.69M–9.70M STETH (Yahoo Finance reports 9,673,534.81; TradingView reports 9.69M; Gemini reports 9.674M; collected 2026-10-09) |
| Total Supply | Approximately 9.70M STETH (Yahoo Finance) / 9.69M (TradingView); supply fluctuates with the total amount of ETH staked via Lido and has no fixed maximum (collected 2026-10-09) |
| Market Cap | Approximately 24.27B USD (Yahoo Finance) / 24.09B USD (TradingView); collected 2026-10-09 |
| Fully Diluted Valuation | As stETH has no fixed maximum supply, the fully diluted valuation is consistent with the market cap, approximately 24.27B USD (collected 2026-10-09) |
| Max Supply | Not fixed (supply fluctuates with the total amount of ETH staked via Lido) |
| TPS | Inherits from the Ethereum network. |
| Scaling Solution | Lido offers two tokenised forms of the same staked ETH: stETH and wstETH. Both tokens represent staked ETH and allow users to participate in the ecosystem. |
| Blockchain | Ethereum (ERC-20). |
Lido launched in late 2020 and was co-founded by Konstantin Lomashuk (founder of P2P Validator), Vasiliy Shapovalov (CTO), and Jordan Fish. According to other sources, the founding team is listed as Konstantin Lomashuk, Vasiliy Shapovalov, and Alvaro D. Martin. Protocol upgrades and treasury management are governed by LDO token holders through the Lido DAO. This ensures the protocol remains community-owned and operated without a centralised authority controlling user funds.
STETH functions through a straightforward yet powerful mechanism. Users deposit their ETH into the Lido smart contract. The protocol pools this ETH and stakes it with a curated set of professional node operators who run Ethereum validators. In return, users receive STETH tokens at a 1:1 ratio to their deposited ETH (stake.lido.fi shows 1 ETH = 1 stETH). STETH is a rebasing token, meaning its balance in a holder's wallet automatically increases daily to reflect the accrual of staking rewards from the Ethereum network. This process happens on-chain, eliminating the need for manual claims. The key innovation is liquidity: while the underlying ETH is locked in the Beacon Chain for staking, the STETH tokens remain freely transferable and usable.
Lido applies a 10% fee on staking rewards, split between node operators and the DAO Treasury, while users receive 90% of the staking rewards returned by the networks. The staking APR is calculated as Protocol APR × (1 − Protocol fee), where Protocol APR is the overall Consensus Layer and Execution Layer rewards received by Lido validators relative to total pooled ETH, estimated as the moving average of the last seven days. According to Coinbase, the current Lido Staked ETH staking reward is 2.24%–2.25%; stake.lido.fi shows EarnETH offers up to 3% APY. APR figures are estimates, not guaranteed, and are subject to change based on network conditions.
STETH's primary value proposition is solving the liquidity problem inherent in traditional Ethereum staking. Lido aims to address three issues associated with early ETH 2.0 staking: illiquidity, immovability, and accessibility, as well as the 32 ETH minimum required for solo staking and the illiquidity of staked assets. Lido addresses this by issuing transferable stETH. STETH changes this dynamic entirely.
STETH serves multiple critical functions within the crypto economy, primarily revolving around capital efficiency.
The Lido ecosystem is one of the largest and most robust in DeFi. Development focuses on multi-chain expansion, governance refinement, and risk mitigation.
STETH is not mined. It is minted exclusively through the Lido protocol's staking process. There is no proof-of-work or proof-of-stake mining for STETH itself. The only way to "create" new STETH is to deposit ETH into the official Lido staking portal or a supported integrated application. The token generation is a direct result of a user's stake in the Ethereum network via Lido's pooled validator infrastructure. The stETH supply increases or decreases algorithmically based on Beacon Chain staking rewards (or slashing penalties), execution-layer rewards and penalties, and changes with the amount of ETH deposited into the Lido contract; the total supply can be tracked via the token contract address.
Securing STETH involves standard Ethereum wallet security practices, with extra attention to its rebasing nature.
STETH is a widely traded cryptocurrency, available on a number of mainstream centralised and decentralised exchanges. It trades across 144 active markets, with commonly cited venues including Binance, Coinbase, and Kraken; trading pairs include STETH-USD (Yahoo Finance) and STETHUSD (TradingView). Please verify each platform's credentials and compliance requirements yourself before trading.
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Lido Staked ETH (STETH) is a rebasing liquid staking token. When validators earn Ethereum PoS rewards, the protocol increases the token balance in holder's wallets proportionally, so supply rises algorithmically; slashing or penalties can reduce it. Lido applies a 10% fee to staking rewards, split between node operators and the DAO, and users receive the remainder. Because each STETH represents a claim on the staked asset plus accumulated rewards, its economic value is designed to track the underlying staked asset rather than trade independently. Secondary-market price can briefly deviate due to liquidity conditions, but arbitrage and withdrawal mechanisms tend to pull it back toward the underlying value. Supply is not fixed and changes with the total amount staked through Lido and with net staking rewards or penalties.
Ethereum network upgrades can affect Lido Staked ETH (STETH) through staking mechanics, security, and liquidity. Upgrades that improve scalability, validator operations, or withdrawal efficiency may lower operational risk and make liquid staking more attractive. Changes to issuance or reward policy can alter staking yield, which affects demand for the token. DeFi ecosystem growth matters because STETH is used as collateral, in lending markets, and in liquidity strategies; deeper integration can improve utility and secondary-market liquidity. However, higher DeFi usage also brings smart-contract and liquidation risks. The token’s value is primarily linked to the underlying staked asset, so network upgrades and DeFi growth are supportive factors rather than direct price guarantees. Traders should watch upgrade timelines, staking yield, total value locked, and liquidity depth across venues.
A spot ETF or broader institutional adoption could support demand for Lido Staked ETH (STETH) if it provides regulated access, improves liquidity, and makes staking-linked exposure easier to hold. Institutional investors may value audited custody, clear reward treatment, and reliable redemption mechanics. However, a spot ETF for a rebasing liquid staking token would face structural and regulatory questions, including how staking rewards, slashing risk, and daily balance changes are handled. Approval is not guaranteed. Demand can also rise through funds and treasuries seeking yield without running validators, but that depends on compliance and market depth. For traders, institutional flows may influence STETH/USDT perpetual contract liquidity and volatility across venues. Treat ETF news as a potential catalyst, not a confirmed price driver.
Lido Staked ETH (STETH) is a liquid staking receipt, whereas ETH is the native network asset. The table summarises the main differences.
| Feature | Lido Staked ETH (STETH) | ETH (native asset) |
|---|---|---|
| Core positioning | Liquid staking token with DeFi composability | Native asset for gas and settlement |
| Supply model | Rebasing; variable; tracks the staked asset plus rewards | Native issuance and burn; no rebasing |
| Consensus | Ethereum PoS via Lido validator delegation | Ethereum PoS native asset |
| Main use cases | Staking yield, collateral, lending, liquidity | Gas, settlement, collateral, staking |
Compared with other liquid staking tokens, STETH is distinguished by liquidity depth, integrations and validator set design. Its price generally tracks the underlying staked asset, but secondary-market premiums or discounts can appear during times of stress.
On the exchange, open the STETH/USDT perpetual contract market, choose a position size, and set stop-loss and take-profit orders in the order ticket. The exchange supports up to 50x leverage, so define risk before entry.
Keep leverage moderate, confirm margin requirements, and avoid moving stops further away after entry. The exchange's stop-loss, take-profit, and trailing-stop tools are designed to automate exits, but they do not remove liquidation risk. Review funding rates and volatility before placing the order.
The current price of Lido Staked ETH (STETH) is A$2,789.67, with a market cap of A$27.78B and 24h trading volume of A$28.74M. The circulating supply is 9.75M (max supply ∞).
These figures update in real time. On the exchange, open the STETH/USDT perpetual contract market page to view the live price chart, order book, and funding rate. Compare 24-hour volume with market cap to gauge liquidity, and check circulating supply against max supply to understand scarcity. For short-term trading, use the candlestick and depth charts; for longer-term context, review daily and weekly timeframes.
Key factors that drive the price of Lido Staked ETH (STETH) come from three layers.
These factors interact; none alone determines price.
The all-time high of Lido Staked ETH (STETH) is A$7,359.05, reached on 2021-11-16 07:40; the all-time low is A$814.99, recorded on 2020-12-24 00:50.
These extremes frame the token’s full price history. Open the STETH/USDT perpetual contract chart and switch to the weekly or monthly timeframe to see the complete range. Use the all-time high as a long-term reference for resistance and the all-time low as a historical support reference, but do not treat either as a guaranteed level. Compare the current price with these extremes, then check volume, funding rates and market structure before trading.
To read Lido Staked ETH (STETH) candlestick charts, start with the open, high, low and close for each period. The body shows the open-to-close move; wicks show rejected prices. On the STETH/USDT perpetual contract chart, use shorter timeframes for entries and longer timeframes for trend context.
Leverage of up to 50x is available, along with stop-loss, take-profit and trailing-stop tools. Combine chart reading with position sizing and risk limits.
To profit when the price of Lido Staked ETH (STETH) falls, traders can open a short position on the STETH/USDT perpetual contract on the platform. A short position sells the contract at the current price and aims to buy it back lower. The profit is the difference between the entry and exit prices, minus fees and funding costs.
The platform supports up to 50x leverage, but high leverage increases liquidation risk. Monitor funding rates and avoid shorting into strong positive momentum without a clear risk plan.
Yes, the platform offers up to 50x leverage on STETH/USDT perpetual contracts, but high leverage is not suitable for every trader. Leverage increases both potential profit and potential loss; a small adverse move can trigger liquidation. Before using high leverage, define the maximum loss per trade, set a stop-loss, and keep enough margin to avoid forced closure.
Consider lower leverage in volatile periods, reduce position size when funding rates are extreme, and use take-profit and trailing-stop orders. High leverage works best with a tested strategy, clear entry and exit rules, and continuous monitoring. The platform provides stop-loss, take-profit, and trailing-stop tools, but they do not eliminate market risk. Traders should practise on a demo account before using real funds.
The platform provides a free demo account for practising Lido Staked ETH (STETH) trading without real funds. Register or log in, open the demo trading section, and select the STETH/USDT perpetual contract. The demo environment uses simulated balances and live market data, so you can test order types, leverage, stop-loss, take-profit, and trailing-stop settings.
Practise reading candlestick charts, sizing positions, and managing margin. Try a few strategies over different timeframes, then review the results. When you are ready for a live account, complete registration, KYC, deposit funds, and place your first order. Keep the same risk rules in both demo and live trading; simulated results can differ from real execution, funding costs, and liquidity conditions.
To buy and trade Lido Staked ETH (STETH), follow a four-step process.
Review contract specifications, funding rates and margin requirements before trading. Start with a small position and use the demo account if you are new to trading.
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