1 STSOL = ¥624.23 Chinese Yuan 1 CNY Chinese Yuan = 0.001602 STSOL
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View ChartLido Staked SOL (STSOL) is a liquid staking token on the Solana blockchain, representing staked SOL and allowing users to earn staking rewards while maintaining liquidity.
Key takeaways
Lido Staked SOL (STSOL) is a liquid staking token that represents staked SOL on the Solana blockchain. It is issued by Lido, a leading liquid staking protocol, to allow users to earn staking rewards without locking their assets. STSOL is a key component of the Solana DeFi ecosystem, offering flexibility and yield opportunities.
| Item | Details |
|---|---|
| Name (Ticker) | Lido Staked SOL (STSOL) |
| Alternative Names | Staked SOL, Lido SOL |
| Consensus Mechanism | Proof of History (PoH) + Proof of Stake (PoS) (based on Solana) |
| Smart Contracts | Yes (Solana-based smart contracts) |
| Category | Liquid Staking Derivative (LSD) |
| Hash Algorithm | N/A (Solana uses PoH and PoS) |
| Block Reward | Variable (based on Solana staking rewards) |
| Max Supply | Unlimited (minted and burned based on staking activity) |
| TPS | Inherits Solana's high throughput (up to 65,000 TPS) |
| Scaling Solution | Solana's native scaling (parallel processing) |
| Blockchain | Solana |
Lido Staked SOL was created by the Lido DAO, a decentralized autonomous organization that governs the Lido protocol. Lido was initially developed by a team of blockchain developers and researchers, including key contributors from the Ethereum and Solana ecosystems. The protocol launched on Solana in 2021, aiming to bring liquid staking to the Solana network. The Lido DAO manages the protocol through community voting, ensuring decentralized decision-making. STSOL is one of several liquid staking tokens issued by Lido, alongside stETH on Ethereum and stMATIC on Polygon.
Lido Staked SOL works by pooling user deposits of SOL and staking them with a network of professional node operators on the Solana blockchain. When a user stakes SOL through Lido, they receive STSOL tokens in return, which represent their staked amount plus accrued rewards. The protocol automatically distributes staking rewards to STSOL holders, increasing the token's value over time relative to SOL. STSOL can be traded, used in DeFi applications, or redeemed for SOL at any time, providing liquidity. The process is managed by smart contracts on Solana, ensuring transparency and security.
Lido Staked SOL is unique because it solves the liquidity problem of traditional staking on Solana. Unlike native staking, where SOL is locked for a period and cannot be used, STSOL remains liquid and can be deployed in DeFi protocols for additional yield. This allows users to earn staking rewards while participating in lending, borrowing, or trading activities. Additionally, STSOL is backed by a diversified set of node operators, reducing the risk of slashing or downtime. Its integration with the Solana ecosystem makes it a valuable tool for maximizing capital efficiency. The token's value also appreciates over time as staking rewards accumulate, offering a passive income stream.
Lido Staked SOL is primarily used for earning staking rewards on Solana while maintaining liquidity. It can be traded on decentralized exchanges (DEXs) like Serum or Raydium, or used as collateral in lending protocols such as Solend and Mango Markets. STSOL also serves as a base asset in yield farming strategies, allowing users to compound returns. Additionally, it can be used in liquidity pools to earn trading fees. For long-term holders, STSOL provides a way to accumulate SOL rewards without the need to unstake and restake manually. Its versatility makes it a popular choice for both retail and institutional investors in the Solana ecosystem.
STSOL is a popular liquid staking token listed on several exchanges. However, it is recommended to trade on a major platform like BTCC for higher liquidity and better customer support.
To minimize costs, traders should look for ""Maker/Taker"" fees.
BTCC - Stands out as one of the lowest-fee exchanges in the industry, particularly for derivatives. Futures trading fees can be as low as 0.01%, making it a preferred choice for high-frequency or high-volume traders who want to preserve their capital."
Buying STSOL with CNY is supported by most major, regulated exchanges. The best platform depends on your deposit method:
BTCC- A reliable veteran exchange (operating since 2011) where you can easily deposit fiat currency via credit cards or bank transfers to buy USDT. Once your account is funded, you can instantly swap for STSOL/USDT pairs.
To quickly convert STSOL to CNY, you need a platform that offers “instant exchange” or “one-click sell” features.
The cryptocurrency calculator and exchange tool on BTCC provides instant valuations for exchanging STSOL for CNY.
To help users understand the “real-world” value of Lido Staked SOL, BTCC allows you to compare your STSOL balance to everyday items such as a monthly salary, an iPhone, or a barrel of crude oil. For new investors assessing their purchasing power, this contextual data is extremely valuable."
Trading STSOL/CNY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit CNY or STSOL into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the STSOL/CNY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you believe the price will rise, place a buy order.
To Sell (Go Short): If you believe the price will fall, you can open a short position (available in derivatives trading like futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Center
Yes, absolutely. BTCC supports multiple ways to gain exposure to Lido Staked SOL(STSOL) using CNY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Lido Staked SOL directly.
Trade on the Spot Market: Deposit CNY and place a buy order on the STSOL/CNY spot trading pair using market or limit orders, taking direct ownership of the STSOL.
Trade STSOL/CNY Futures: For more advanced strategies, you can trade STSOL/CNY perpetual or dated futures contracts. This allows you to speculate on Lido Staked SOL's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your STSOL to CNY conversion on BTCC:
Access your account by signing in, or create a new BTCC account if needed.
Go to the trading interface and select the STSOL/CNY trading pair.
Input the specific amount of Lido Staked SOL you wish to sell.
Verify the displayed exchange rate and your final CNY total.
Confirm and finalize the sell transaction.
Following these steps, your CNY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the "Crypto Converter" section on our website or within the app.
Type the amount of STSOL you want to convert into the first field.
The equivalent value in CNY will be instantly calculated and displayed in the second field, using the latest live market rate.
The STSOL/CNY exchange rate is the current market price at which 1 Lido Staked SOL(STSOL) can be exchanged for CNY. In simpler terms, it tells you how many CNY one Lido Staked SOL is worth at any given moment.
Currently, one Lido Staked SOL is ¥624.23. The price of 1 Lido Staked SOL(STSOL) in CNY is constantly changing due to the 24/7 nature of the global cryptocurrency market. To get the live, real-time price, please check the market data section at the top of our platform or visit our dedicated STSOL to CNY converter.