What Lido Staked Ether is
Lido Staked Ether (STETH) is a liquid-staking / restaking derivative token, currently ranked 10th by market capitalization among the assets we track. Lido Staked Ether is a liquid-staking token: it represents staked capital (usually ETH) while staying tradeable, so holders earn staking yield without locking their funds. Its value is the underlying stake plus accrued rewards.
Lido Staked Ether (STETH) is a token that represents staked Ether in the Lido protocol, allowing users to earn staking rewards while maintaining liquidity of their assets. It enables holders to use their staked ETH in DeFi applications while still earning on their initial deposit.
How the yield and peg work
Lido Staked Ether tracks the value of the staked asset plus rewards, so it should trade at or slightly above the underlying. A discount usually signals withdrawal-queue stress or smart-contract risk rather than a broken model.
Background & fundamentals
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Liquid Staking Derivatives (LSD), and Liquid Staking Token (LST).
Where Lido Staked Ether sits in the market
With STETH near $1,572, Lido Staked Ether carries a market capitalization of $15.40B. Around $5.21M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.03% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Lido Staked Ether carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. The token is roughly -68% under its record of $4,930 — a meaningful but not catastrophic drawdown. Measured from its all-time low of $1,055, STETH is up +49%.
What the price history shows
Across timeframes, STETH shows 24-hour +0.12%, 7-day -4.77%, 30-day -13.94%, 1-year -23.45%. Across roughly the last 366 days of daily candles, STETH endured a peak-to-trough drawdown of about 62% before stabilizing.
Volatility profile
Recent action puts Lido Staked Ether in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals -13.94%, a useful input for stop placement and position sizing.
How to evaluate a liquid-staking token like Lido Staked Ether
A grounded read on STETH comes down to three questions:
- Peg to underlying — whether STETH trades close to the value of the stake it represents.
- Provider risk — the smart-contract and validator risk of the staking protocol behind STETH.
- Yield and unlocks — the staking yield and how withdrawal queues behave under stress.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
