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Lido Staked Ether (Wormhole) price

Lido Staked Ether (Wormhole) Price (STETH)

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0.00%
Rank #10495

Lido Staked Ether (Wormhole) Price Chart (STETH/USD)

Last updated 15 Jun 2022, 20:40PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Bit.com STETH / USDT $1,292.61 0.62% $1,053,102
2 OKX STETH / ETH $1,854.19 0.02% $444,502
3 XT.COM STETH / ETH $1,282.58 0.02% $294,539
4 XT.COM STETH / USDT $1,714.52 2.46% $219,044
5 OKX STETH / USDT $1,855.85 0.02% $201,229
6 Bitget STETH / USDT $1,851.55 0.22% $177,341
7 XT.COM STETH / USDC $1,298.86 0.02% $167,568
8 MEXC Global STETH / USDC $1,569.76 0.23% $141,702
9 Bybit (Spot) STETH / USDT $1,851.06 0.02% $68,973
10 Gate.io STETH / ETH $1,844.96 0.02% $64,931
11 Huobi Global STETH / USDT $2,038.71 2.00% $49,837
12 Huobi Global STETH / ETH $1,862.59 0.40% $31,491
13 Gate.io STETH / USDT $1,870.31 0.01% $24,792
14 MEXC Global STETH / USDT $1,831.50 0.10% $17,885
15 LATOKEN STETH / USDT $1,840.62 1.48% $6,654
16 Phemex STETH / USDT $1,123.93 2.85% $386
17 FTX STETH / USD $1,290.30 0.21% $2,658,904
18 HitBTC STETH / ETH $1,283.39 46.57% $0
19 HitBTC STETH / USDT $1,546.98 7.71% $1
20 HitBTC STETH / BTC $1,521.67 11.40% $0

STETH Price Statistics

$0
24H Range
$0
  • Lido Staked Ether (Wormhole) Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $0
  • Market Cap Rank #0
  • Market Cap $0
  • Volume / Market Cap 0.0000
  • All-Time High $0 0.00%
    Jan 01, 1970
  • All-Time Low $0 0.00%
    Jan 01, 1970
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Lido Staked Ether: A Simplified Guide to the Cryptocurrency

Introduction

Lido Staked Ether (STETH) is a popular cryptocurrency that allows users to earn passive income by staking Ether (ETH) on the Ethereum blockchain. In this article, we will provide a simplified guide to understanding STETH and how it works.

What is Staking?

Staking is the process of participating in transaction validation on a blockchain network. By staking your tokens, you contribute to the security and stability of the network. In return, you receive rewards in the form of additional tokens.

Staking Ether with Lido

Lido is a decentralized finance (DeFi) protocol that facilitates the staking of Ether. Instead of staking ETH on your own, Lido allows you to stake your ETH tokens through their platform. In return, you receive STETH tokens, which represent your staked ETH.

How Lido Staked Ether Works

When you stake your ETH with Lido, your tokens are added to a collective pool of staked ETH. This pool is used for Ethereum 2.0, the next iteration of the Ethereum blockchain. By pooling resources, Lido is able to generate higher rewards for participants as compared to individual staking.

The Benefits of Staking with Lido

Staking with Lido offers several advantages. Firstly, by staking through Lido, you don't need to maintain your own staking infrastructure, which can be complex and time-consuming. Lido takes care of the technical aspects, allowing you to earn rewards hassle-free.Secondly, staking with Lido provides liquidity. You receive tokens called STETH in return for your staked ETH, which can be freely traded and utilized within the Ethereum ecosystem. This allows you to access the value of your staked ETH without waiting for the end of the staking period.

Conclusion

Lido Staked Ether (STETH) is an innovative cryptocurrency that offers a simplified way for users to participate in staking Ether. By leveraging the Lido platform, users can earn passive income while contributing to the security of the Ethereum network. It offers hassle-free staking and liquidity benefits, making it an attractive option for individuals looking to maximize their crypto investments.