stETH enables users to convert ETH invested on the Lido platform into liquid assets. Lido is a platform on which users earn passive income with Ethereum through staking. Staking is the process of validating transactions with your coins to earn rewards. If you deposit your ETH coins on Lido to stake the new version of Ethereum (ETH 2.0), you will receive the same amount of stETH tokens in return as well as your returns from staking. This allows the customer to sell their ETH and profits already without divesting the coins from Lido.
Staking platforms have the disadvantage that users stop staking if they want to use the coins for a different purpose. With stETH, this amount is made liquid and the coins can continue to be staked even if users want to use stETH. Thus, this coin is very useful for staking and the Lido Platform. In case you want to invest in stETH for the price gain, you can also invest directly in ETH.
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Lido stETH special?
Lido stETH is apowered by,uses to validate transactions,and is.Lido stETH also supports.
Interesting facts about Lido stETH
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If you stop staking the coins, you can get the same amount of ETH with your stETH. This leads to a converging price between ETH and stETH.
When you invest ETH for staking, you get the invested amount as well as the profits in stETH.
stETH makes Ethereum coins used for staking on the Lido platform liquid.
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Lido stETH price and insights
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0% feel totally fine about Lido stETH today
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0% believe in the potential
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0% say the community is great
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members 40,562 4% of them are active
# Telegram members -
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Lido stETH, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.