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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 liquid staking derivative token that represents a user's stake in the Lido protocol, enabling 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. |
| Max Supply | -- (Supply fluctuates with the total amount of ETH staked via Lido) |
| TPS | Inherits from the Ethereum network. |
| Scaling Solution | Layer 2 integrations (e.g., bridging to Arbitrum, Optimism). |
| Blockchain | Ethereum (ERC-20). |
The Lido protocol and the STETH token were developed by the Lido DAO, a decentralized autonomous organization. The initial development was led by a team of blockchain contributors and companies, including P2P Validator, Semantic Ventures, and others. The project launched in December 2020. Governance of the protocol, including upgrades and treasury management, is now fully decentralized and managed by LDO token holders through the Lido DAO. This ensures the protocol remains community-owned and operated without a centralized 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. 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.
STETH's primary value proposition is solving the liquidity problem inherent in traditional Ethereum staking. Without Lido, staked ETH is illiquid and inaccessible until future Ethereum upgrades. 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 staking rewards that increase the STETH supply are generated by the underlying Ethereum validators operated by Lido's node operators.
Securing STETH involves standard Ethereum wallet security practices, with extra attention to its rebasing nature.
STETH is a widely traded cryptocurrency. For higher liquidity and a secure trading experience, using a major platform like BTCC is recommended.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
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Thank you for your interest in BTCC. Currently, spot and futures trading services for STETH are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Lido Staked ETH (STETH) is $1,917.4. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated STETH to USD rate at the top of BTCC’s price page. In terms of market scope, Lido Staked ETH records a 24h trading volume of $6.65M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $17.86B. Its current circulating supply stands at 9.36M out of a maximum supply cap of ∞.
The price volatility of Lido Staked ETH (STETH) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (9.36M) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Lido Staked ETH (STETH) hit an all-time high (ATH) of $4,982.43 on 2021-11-16 07:40, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $551.78 on 2020-12-24 00:50. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading STETH futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($6.65M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s STETHUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Lido Staked ETH, simply log into your BTCC account with USDT margin available, navigate to the STETHUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for STETHUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $1,917.4), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for STETHUSDT with zero financial risk.
Trading Lido Staked ETH (STETH) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for STETHUSDT, and review its live price ($1,917.4) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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