Ether (ETH)<\/a> on a 1:1 ratio.<\/strong> It’s one of the native tokens of the decentralized finance platform - Lido. The latter serves as a liquid staking protocol. It’s important to note that Lido provides <strong>the first-ever liquid staking protocol based on ETH.<\/strong><\/p>\r\n<p>When users stake their ETH on Lido, they receive stETH in return. The staking process is powered by the <strong><a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-beacon-chain/">Ethereum Beacon chain<\/a>.<\/strong> Lido charges a 10% staking fee.<\/p>\r\n<p>It's important to note that there is no guarantee the stETH price will be higher than its inherent value.<\/p>\r\n<p>Once Ethereum 2.0 is fully launched, Lido stETH tokens will be able to be redeemed for ETH and burned. Additionally, holders can technically unstake their stETH tokens by simply selling them.<\/p>\r\n<p>In order to make an informed decision, check out our graph above where you can find the Lido stETH price history and the current stETH price.<\/p>\r\n<h2>What is Lido DAO?<\/h2>\r\n<p>In essence, Lido is a <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-are-decentralized-autonomous-organizations-dao/">decentralized anonymous organization<\/strong><\/a> that enables an efficient method of staking ETH. It’s a non-custodial staking solution.<\/p>\r\n<h2>What are the Main Features of Lido stETH?<\/h2>\r\n<ul>\r\n<li>stETH has all of the capabilities of ETH. This means it can be seamlessly bought and sold;<\/li>\r\n<li>stETH has the capability to turn ETH liquid;<\/li>\r\n<li>Its balance is updated every 24 hours.<\/li>\r\n<\/ul>\r\n<h2>When was Lido stETH launched?<\/h2>\r\n<p>Lido was founded in December 2020.<\/p>","url":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/steth-steth-price","crypto_currency_info":{"id":773,"crypto_currency_id":842,"description":"Lido stETH (STETH) is a cryptocurrency launched in 2020and operates on the Ethereum platform. Lido stETH has a current supply of 2,014,166.59874559. The last known price of Lido stETH is 3,152.75979039 USD and is up 3.46 over the last 24 hours. It is currently trading on 14 active market(s) with $666,843.24 traded over the last 24 hours. 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More information can be found at https:\\\/\\\/lido.fi\\\/.\",\"slug\":\"steth\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/8085.png\",\"subreddit\":\"lidofinance\",\"notice\":\"\",\"tags\":[\"eth-2-staking\"],\"tag-names\":[\"ETH 2.0 Staking\"],\"tag-groups\":[\"PLATFORM\"],\"urls\":{\"website\":[\"https:\\\/\\\/lido.fi\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/lidofinance\"],\"message_board\":[\"https:\\\/\\\/blog.lido.fi\\\/\"],\"chat\":[\"https:\\\/\\\/discord.gg\\\/vgdPfhZ\",\"https:\\\/\\\/t.me\\\/lidofinance\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/etherscan.io\\\/token\\\/0xae7ab96520de3a18e5e111b5eaab095312d7fe84\",\"https:\\\/\\\/ethplorer.io\\\/address\\\/0xae7ab96520de3a18e5e111b5eaab095312d7fe84\",\"https:\\\/\\\/solscan.io\\\/token\\\/H2mf9QNdU2Niq6QR7367Ua2trBsvscLyX5bz7R3Pw5sE\",\"https:\\\/\\\/finder.terra.money\\\/mainnet\\\/address\\\/terra1w7ywr6waxtjuvn5svk5wqydqpjj0q9ps7qct4d\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/lidofinance\"],\"technical_doc\":[\"https:\\\/\\\/lido.fi\\\/static\\\/Lido:Ethereum-Liquid-Staking.pdf\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/lidofinance\"],\"announcement\":[]},\"platform\":{\"id\":1027,\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\",\"token_address\":\"0xae7ab96520de3a18e5e111b5eaab095312d7fe84\"},\"date_added\":\"2020-12-23T00:00:00.000Z\",\"twitter_username\":\"lidofinance\",\"is_hidden\":0,\"date_launched\":\"2020-12-18T00:00:00.000Z\",\"contract_address\":[{\"contract_address\":\"0xae7ab96520de3a18e5e111b5eaab095312d7fe84\",\"platform\":{\"name\":\"Ethereum\",\"coin\":{\"id\":\"1027\",\"name\":\"Ethereum\",\"symbol\":\"ETH\",\"slug\":\"ethereum\"}}},{\"contract_address\":\"H2mf9QNdU2Niq6QR7367Ua2trBsvscLyX5bz7R3Pw5sE\",\"platform\":{\"name\":\"Solana\",\"coin\":{\"id\":\"5426\",\"name\":\"Solana\",\"symbol\":\"SOL\",\"slug\":\"solana\"}}},{\"contract_address\":\"terra1w7ywr6waxtjuvn5svk5wqydqpjj0q9ps7qct4d\",\"platform\":{\"name\":\"Terra\",\"coin\":{\"id\":\"4172\",\"name\":\"Terra\",\"symbol\":\"LUNA\",\"slug\":\"terra-luna\"}}}],\"self_reported_circulating_supply\":2794128.16992612,\"self_reported_tags\":[\"DeFi\"],\"self_reported_market_cap\":8797552840.845556}","launched_at":"2020-12-18 02:00:00","created_at":"2022-03-25T14:20:24.000000Z","updated_at":"2023-05-18T14:34:13.000000Z"},"social_profile":{"id":824,"profilable_type":"CryptoCurrency","profilable_id":842,"twitter":"{\"name\":\"Lido\",\"username\":\"@LidoFinance\",\"follower_count\":163535,\"following_count\":485,\"tweet_count\":5038,\"created_at\":\"2020-10-01 00:00:00\"}","reddit":"{\"hot\":[]}","github":"{\"public_repos\":180,\"bio\":\"liquid staking \\ud83c\\udfd6\\ufe0f\",\"type\":\"Organization\",\"username\":\"lidofinance\",\"user_link\":\"https:\\\/\\\/github.com\\\/lidofinance\",\"created_at\":\"2020-07-16 00:00:00\"}","telegram":"{\"title\":\"Lido\",\"description\":\"The official Lido Telegram.\\nLido is a multichain liquid staking solution for Ethereum, Polkadot, Polygon, Solana and Kusama. \\nwww.lido.fi\",\"chat_id\":\"@lidofinance\",\"member_count\":11799}","domain":"{\"domain_rating\":75,\"ahrefs_top\":35103,\"traffic\":18486.260687094025,\"website\":\"https:\\\/\\\/lido.fi\"}"},"buy_page":null,"halving_page":null}"
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