What is the current price of Lido Staked Ether (STETH)?

The current price of Lido Staked Ether (STETH) is 2849.894890423425 AUD, representing a -2.20 from the day prior.

Can I buy Lido Staked Ether (STETH) on Coinstash?

Yes - you can easily buy and sell Lido Staked Ether (STETH) on Coinstash. Simply login or sign up, to start buying Lido Staked Ether (STETH) in minutes.

Where is the best place to buy Lido Staked Ether (STETH) in Australia?

The best place to buy Lido Staked Ether (STETH) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Lido Staked Ether (STETH) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Lido Staked Ether (STETH)?

The trading volume of Lido Staked Ether (STETH) is 33.2M AUD in the last 24hrs, representing a -2.20 from the day prior.

How can I buy Lido Staked Ether (STETH)?

Lido Staked Ether (STETH) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Lido Staked Ether (STETH)?

The current market cap of Lido Staked Ether (STETH) is 26.8B AUD.

Can I convert Lido Staked Ether (STETH) to cash?

Yes - With Coinstash you can convert your Lido Staked Ether (STETH) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Lido Staked Ether (STETH) are there?

The current circulating supply of Lido Staked Ether (STETH) is 9.4M.

Is Coinstash a safe place to buy Lido Staked Ether (STETH) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Lido Staked Ether (STETH) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Lido Staked Ether (STETH)

What is Lido Staked Ether?

Lido Staked Ether (stETH) is a token that represents Ether that has been staked using the Lido protocol. It merges the initial deposit value with any accrued staking rewards, enabling liquidity and flexibility for staked ETH.

How does Lido Staked Ether work?

Lido Staked Ether functions by allowing users to stake any amount of ETH into the Lido protocol, which then distributes it among validators. In return, users receive stETH tokens, which represent their staked ETH and accrue rewards. The stETH can be used in various DeFi applications, thereby maintaining liquidity. The balance of stETH is updated daily to reflect staking rewards and any potential penalties. The governance and upkeep of the Lido protocol are managed by the Lido DAO, ensuring transparency and efficiency.

What are the potential use cases for Lido Staked Ether?

Lido Staked Ether can be utilised in multiple DeFi applications, such as:

Lending: stETH can be used as collateral in DeFi lending platforms.
Liquidity Pools: Platforms like Curve allow users to pool stETH with ETH, providing liquidity and enabling swaps between these tokens.
Yield Farming: stETH holders can engage in yield farming, earning additional returns on their staked tokens.
Rehypothecation: stETH positions can be used as collateral in further DeFi activities, adding layers of financial leverage.

stETH is also relevant in institutional staking, offering solutions tailored for regulatory compliance and security needs.

What is the history of Lido Staked Ether?

Lido was founded in December 2020 by Vasilii Shapovalov and Konstantin Lomashuk. Initially focusing on Ethereum, Lido pioneered liquid staking, making staked funds more accessible and usable. Over time, Lido expanded to support other blockchains like Solana and Polygon. Significant growth saw Lido capturing a substantial market share in Ethereum staking, bolstered by integrations with DeFi protocols and institutional partnerships. Lido’s technological evolution includes middleware operations and DAO governance, ensuring decentralisation and resilience. Notably, Lido introduced enhancements post-Ethereum's merge, maintaining its adaptive edge in the market.