stETH
stETH is a liquid staking derivative issued by Lido Finance. It represents Ether that has been staked on the Ethereum 2.0 beacon chain while remaining as an ERC-20 token that can be traded, used in DeFi, or held like any other token. When a user deposits ETH into Lido, they receive stETH in return, with the value of stETH designed to reflect the staked ETH plus accrued rewards.
How it works: a user sends ETH to Lido’s staking contract. Lido then delegates that stake to
Uses and liquidity: stETH is widely tradable on Ethereum and is accepted across many DeFi platforms. It
Risks and considerations: investing in stETH carries smart contract risk tied to Lido’s contracts and to the