Lido Staked Ether steth

Lido Staked Ether price today is USD 3,595.13 and the trading volume in 24 hour is USD 56,473,677. Price change in the STETH price in the last 24 hour is 94.25 . It has a circulating supply of 9,692,445.392 coins and a total supply of 9,692,445.392. Total market cap of the STETH is USD 34,864,200,173 which has the movement of 2.782 in the last 24 hours

stETH is a token that represents staked Ethereum in the Lido application. Lido is a liquid staking solution for Ethereum backed by several industry-leading staking providers. It makes staked ETH liquid and allows participation with any amount of ETH. When users stake their ETH with Lido, they receive stETH representing their staked balance. stETH can be sold on exchanges. stETH combines the value of the initial staking deposit plus staking rewards, which accrue daily. stETH balance updates daily at midnight UTC to reflect earned staking rewards

Lido is a Decentralized Autonomous Organization or DAO that provides a liquid staking service for Ethereum. Lido DAO members include a16z, Semantic VC, ParaFi Capital, Libertus Capital, Terra, Bitscale Capital, StakeFish, StakingFacilities, Chorus, and P2P Capital, and KR1. Lido is also joined by several key angel investors, including Stani Kulechov of Aave, Banteg of Yearn, Will Harborne of Deversifi, Julien Bouteloup of Stake Capital, and Kain Warwick of Synthetix. The individuals and organizations backing the Lido DAO are proven within the DeFi space and have a track record of excellence

The main reasons to invest in Lido Staked Ether include: - It makes staked Ethereum liquid(i.e., not locked and instantly tradable). - Can use stETH to participate in DeFi activities like Liquidity Providing(LP). - Backed by industry leaders in the DeFi space