📈 Lido Analytics: September 11 - 18, 2023

- TVL up +0.84% to $14.17b led by new ETH + SOL deposits.

- Lido led in net new ETH staking deposits with 68,096 ETH.

- (w)stETH in to DeFi pools increased 0.08%, currently at 2,986,444 stETH.

Welcome to Lido Staked ETH's Community channel aggregated by CoinMarketCap.

📈 Lido Analytics: September 11 - 18, 2023  TLDR: - TVL up +0.84% to $14.17b led by new ETH + SOL deposits. - Lido led in net new ETH staking deposits with 68,096 ETH. - stETH APR stable at 7d MA of 3.67%. - (w)stETH in to DeFi pools increased 0.08%, currently at 2,986,444 stETH.

🏝️ Lido Analytics: September 4 - 11, 2023

- TVL sees slight dip to $14.05b with fall in token prices.

- Lido leads in 7d net new ETH staked with 42,880 ETH.

- (w)stETH in DeFi pools fell by 5.72% to 2,972,935 stETH.

🏝️ Lido Analytics: September 4 - 11, 2023  TLDR: - TVL sees slight dip to $14.05b with fall in token prices. - Lido leads in 7d net new ETH staked with 42,880 ETH. - stETH APR stable with 7d MA at 3.73%. - (w)stETH in DeFi pools fell by 5.72% to 2,972,935 stETH.

What Is LSDFi? Overview of LSDFi Protocols and How To Use Them

Analyzing Lido’s stETH  After the Shapella Fork: IntoTheBlock

The Ultimate Guide to Ethereum Liquid Staking in 2023

On-chain Analysis of stETH: An Data Perspective by IntoTheBlock

What to Do With Your ETH After the Merge: a Deep Dive Into Staking

## What Is stETH?

StETH is a [derivative](https://coinmarketcap.com/alexandria/glossary/derivative) of [ETH](https://coinmarketcap.com/currencies/ethereum/) that is staked on [Lido](https://www.lido.fi/). Lido is a decentralized protocol allowing users to stake ETH and participate in the consensus mechanism of Ethereum. [Staking](https://coinmarketcap.com/alexandria/glossary/staking) helps to secure the Ethereum network under a [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) consensus mechanism, which is more energy-efficient and scalable.

Lido is a liquid staking solution for Ethereum backed by several industry-leading staking providers. Its main advantage is that it enables participating in Ethereum’s PoS consensus mechanism without a minimum stake. Staking on Ethereum has some drawbacks, such as requiring a minimum of 32 ETH to stake, locking up tokens for an indefinite period of time until withdrawals are enabled during the Shapella upgrade, and exposing users to [slashing](https://coinmarketcap.com/alexandria/glossary/slashing) risks if validators misbehave or go offline.

Lido aims to solve these problems by allowing users to stake any amount of ETH with multiple professional validators who share the slashing risks and provide high uptime. Lido liquifies ETH and creates staked ETH liquid by issuing stETH tokens. stETH can then be used for trading, lending, or as collateral across DeFi applications.


## Who Are the Founders of StETH?

Lido is a decentralized autonomous organization ([DAO](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao)) that is governed by its community members. The team behind Lido consists of various node operators, developers, auditors and partners who contribute to the project’s security, functionality and growth.

Some of the node operators include P2P Validator, Chorus One, Staking Facilities, Certus One, Stakefish and others. Some of the developers include Lido DAO members, Paradigm Research, Sigma Prime and others. Some of the auditors include Quantstamp, Sigma Prime and Trail of Bits. Some of the partners include Curve Finance, 1inch Network, Yearn Finance and others.


## How Does StETH Work?

When you stake your ETH with Lido, you receive stETH in exchange. This token represents your stake in the Ethereum network and can be traded or held like any other [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) token. In return for staking your ETH, you receive a share of the rewards generated by the network. These rewards are paid out in the form of ETH. The protocol auto-converts the rewards into stETH and accumulates all staking rewards in the user’s account. 

One of the key benefits of stETH is that it is liquid and can be traded on various [decentralized exchanges](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex), making it easy to buy and sell. Traditional staking, on the other hand, permanently locks up funds until a pre-determined period is over. Consequently, funds cannot be accessed during that time. With stETH, you can earn rewards while still having access to your funds at any time.

StETH has the extra benefit of providing a higher yield than traditional staking. This is because Lido's staking pool is designed to maximize rewards by delegating funds to a variety of [validators](https://coinmarketcap.com/alexandria/glossary/validator) across multiple networks. By diversifying its stake across different validators, Lido is able to reduce the risk of slashing, which is the penalty for validators who act maliciously or fail to follow the network's rules. This approach allows Lido to offer a higher yield on stETH compared to traditional staking, making it an attractive option for investors looking to earn passive income on their ETH holdings.


### Related Pages

Check out [Lido](https://coinmarketcap.com/currencies/lido-dao/) — the leading Ethereum staking service provider.

Check out [Rocket Pool (RPL)](https://coinmarketcap.com/currencies/rocket-pool/) — a decentralized Ethereum staking pool.

Dive into the [on-chain analytics of stETH](https://coinmarketcap.com/alexandria/article/on-chain-analysis-of-steth-an-data-perspective-by-intotheblock).

Find out more about [liquid staking derivatives](https://coinmarketcap.com/alexandria/article/the-ultimate-guide-to-ethereum-liquid-staking) on CoinMarketCap Alexandria.

Learn about [liquid staking](https://coinmarketcap.com/alexandria/glossary/liquid-staking) on CMC Glossary.


## How Are StETH Created?

stETH tokens are created when users deposit their ETH into Lido’s [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract). The contract then sends the ETH to one of Lido’s validators who stake it on behalf of the user. The user receives an equivalent amount of stETH tokens in return. The stETH tokens represent both the initial deposit and the rewards earned by staking. 

The balance of stETH tokens increases over time as more ETH is generated through staking. The rewards are calculated based on the total amount of ETH staked on Lido and the current annual percentage rate ([APR](https://coinmarketcap.com/alexandria/glossary/annual-percentage-rate-apr)) of staking. The APR varies depending on how many validators are active and how much ETH is staked across the network.


## How Many StETH Are in Circulation?

The supply of stETH tracks the number of ETH deposited into the Lido contract. The total supply of stETH can be tracked via the [token contract address](https://etherscan.io/token/0xae7ab96520de3a18e5e111b5eaab095312d7fe84). At the time of writing, the supply of stETH is 6,056,183.


## Where Can You Buy StETH?

stETH is available for trading on a number of exchanges including [Curve](https://coinmarketcap.com/exchanges/curve-finance/), [1Inch](https://coinmarketcap.com/exchanges/1inch-exchange/), [Uniswap](https://coinmarketcap.com/exchanges/uniswap/), [SushiSwap](https://coinmarketcap.com/exchanges/sushiswap/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/) and more.

Currencies	Current Price
stETH ETH	0.999 ETH
stETH AUD	$2,523.38
stETH CAD	$2,168.13
stETH CHF	Fr 1,479.86
stETH EUR	€1,529.66
stETH GBP	£1,323.99
stETH PHP	₱91,539.60
stETH BTC	0.06085 BTC
stETH BNB	7.5596 BNB
stETH ZAR	R 30,843.52
stETH NZD	$2,706.93
stETH NGN	NGN 1,253,881.12
stETH SGD	S$2,204.81
stETH INR	₹133,755.86

Lido Staked ETH to Ethereum Data

stETH to ETH History

Lido Staked ETH to ETH Chart

stETH to ETH Converter

stETH to ETH Conversion Rates

People Also Watch