cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Cryptocurrencies/Coins/Lido stETH (STETH)
Lido stETH price, market cap on Coin360 heatmap

Lido stETH(STETH)

Arrow icon
Add to watchlist
$1,765.90
(8.75%)
0.07358158 BTC
Market Cap (Rank#18)
$6,158,977,213
256,632 BTC
Vol 24h
$50,366
2.098671 BTC
Circulating Supply
3,487,728
Max Supply
141,554
21 day agocryptodaily
Lido Finance Unveils Plans To Expand To Ethereum L2 Space
Lido Finance, a decentralized finance startup that provides liquidity as a service (LaaS), as well as working as a third-party staking pool operator for Ethereum 2.0, has announced plans to expand its platform to Ethereum's Layer 2 space. Layer 2 solutions are designed to scale the Ethereum network by moving some of the processing off-chain. This can help reduce congestion and transaction fees on the main network. Layer 1 is formed by the Ethereum blockchain, while Layer 2s are distributed ledgers built on top of the L1 that extend and scale Ethereum by performing transactions off of the Ethereum Mainnet. The announcement comes alongside Lido's disclosures of a proposal in which it is seeking to secure roughly two years worth of "operating runway" for its decentralized autonomous organization, Lido DAO. The amount is said to be aimed at being financed through stablecoins. Lido's plans for expansion will reportedly begin by supporting staking for Ether ($ETH) through bridges to Layer 2 solutions. This will be done by using a wrapped version of Lido's ETH staking token ($wstETH). The operational rationale behind this is to enable users to directly stake on Layer 2 solutions, without having to bridge back their assets on the Ethereum mainnet. Ethereum's Layer 2 space is currently being developed by a number of projects such as Plasma, Optimism, Celer Network, and Loopring. Lido's expansion into this area will help it compete with other staking providers such as Staked, Bison Trails, and Kraken. The move also signals a shift in focus for Lido, which until now has been focused on providing liquidity as a service. This is in line with the company's roadmap, which had hinted at plans to move into staking and other areas of DeFi. The team at Lido believes that by expanding its platform to support Ethereum's Layer 2 solutions, it will be better positioned to provide a more scalable and efficient service to its users. It remains to be seen how the market will react to this news, and whether Lido will be able to successfully compete in the already crowded DeFi space. Lido is, at the time of writing, the leading provider of staking services for Ethereum, with around a third of staked ETH (stETH) having been deposited. Lido claims to currently have over 4.25 million Ether (USD 6.5 billion) invested on its platform. According to Lido, the project was designed to be "network-agnostic" in that it could eventually support multiple Layer 2 solutions. However, the team has decided to focus its efforts on Ethereum for now, perhaps due to the platform's "dominant position" in the crypto industry, while still planning on expanding to other L2s as they progress and scale. To date, Lido has bridged its staking services with Argent and Aztec, two ZK-Rollup projects that have been gaining traction in the space. Lido also plans to launch its staking bridge on Optimism and Arbitrum. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21 day agocryptosrus
What is Lido?
With Ethereum 2.0 coming up soon, learn everything about Lido, the liquid staking solution provider behind stETH.  COVERED What is LIDO? How it Works? What is stETH? Why LIDO? Concerns WHAT IS LIDO? Lido is a liquid staking solution provider which provides services for Etherium 2.0, Terra, Solana, and Kusama. It is backed by several […] The post What is Lido? appeared first on CryptosRus.
22 days agocryptopotato
Lido Announces stETH Layer-2 Compatibility as LDO Explodes 160% Weekly
Prominent staking protocol, Lido is all set to expand to layer 2 networks starting with Optimism and Arbitrum.
22 days agocoindesk
Lido Finance Will Soon Offer Staked Ether on Layer 2 Networks, Proposes to Sell LDO For DAI
stETH's expansion to layer 2 means lower fees and more yield-generating opportunities for investors staking ether.
23 days agocoindesk
The 'Merge Trade' Has Begun, Experts Say, as Ether Surges And stETH Discount Narrows
"ETH has undergone a rapid change in narrative over the past week with speculators purely focused on the upcoming 'merge' as a catalyst for appreciation," one observer said.
24 days agocryptodaily
Crypto Weekly Roundup: The Merge Scheduled, Celsius Repays Aave, 3AC Founder Reappears, GameStop NFT Flourishes, And More
Despite repaying its MakerDAO loan earlier this month and repaying the Aave protocol earlier this week, crypto lending company Celsius was forced to declare bankruptcy under Chapter 11, which would allow for a restructuring of the company. Let’s dig deep into this story and many other noteworthy events that took place in crypto this week. Bitcoin JPMorgan Chase analysts have estimated that Bitcoin’s production cost has dropped by around $7000 over the past month. A United Nations article that referred to world hunger as having “great positive value” and that “no one works harder than hungry people” was taken down from the website amid huge controversy. Ethereum Ethereum developers gave a long-awaited update on the Ethereum Merge, stating that the tentative date for the update has been set for September. In a recent interview, MicroStrategy CEO Michael Saylor spoke at length about Ethereum and stated why he believed it was a security, not a commodity. DeFi MetaMask's co-founders, Aaron Davis and Dan Finlay, recently made statements criticizing Celsius and Voyager. Open DeFi Notification Protocol has introduced mobile alerts to keep tabs on borrowing positions to prevent liquidation. The crypto lending firm Celsius has confirmed that it has paid up 400,000 stETH (Lido Staked ETH) to DeFi lending protocol Aave. Altcoins For the first time since its mainnet launch in April 2020, the Celo blockchain suffered on-and-off network outages across a 24-hour period. Polygon has announced that it has been selected to participate in Disney’s upcoming accelerator program. The Terra blockchain is experiencing a mass exodus post its collapse, as projects have been leaving the network for Polygon. Technology A three-way partnership between professional skater Tony Hawk, The Sandbox, and Autograph will be building a virtual skatepark for the metaverse. Entertainment and lifestyle brand Playboy has partnered with The Sandbox to build a virtual mansion in the metaverse. Business The payments management firm Circle has released a detailed reserve report, revealing that its USDC stablecoin is backed only by cash and short-term treasury bonds. Crypto yield platform Celsius has finally filed for Chapter 11 bankruptcy, which gives it time to stabilize the business. After laying low for about a month, the co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), Zhu Su, has reappeared on Twitter to accuse the liquidators of baiting the firm. Brazil’s largest payments app, PicPay, has announced that it will soon launch crypto payment services to its 65 million-strong customer base. Regulation A former deputy in the French National Assembly over the last five years, Pierre Person, has stated that people are interested in cryptos and that “politics can no longer miss out.” The U.S. Commodity Futures Trading Commission has added 34 crypto and forex entities to its Registration Deficient List (RED List) because they have not been registered with the agency. The European Central Bank (ECB) has published a report stating that the crypto economy is growing fast and could get to the point where crypto-assets risk financial stability. Crypto exchange Binance has secured registration by the Bank of Spain to offer cryptocurrency trading and custody services via its Moon Tech subsidiary. Hong Kong lawmakers have introduced new legislation tailored to regulate the cryptocurrency space and aim to implement a new licensing regime for crypto service providers. NFT Within just a couple of days of its launch, the GameStop NFT marketplace has done almost as much business as the Coinbase marketplace in its entire lifetime. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
27 days agocoindesk
Wobble in 'stETH' Price Shows Fear Celsius Might Dump $435M Stake
The discount on stETH, a derivative of ether, surged as the crypto lender Celsius reclaimed and then transferred almost 10% of the total supply of the token.
28 days agocoindesk
Celsius Pays Off Aave Loan, Moves $418M 'stETH' Stack to Unknown Wallet
The liquidity-stricken crypto lender fully paid off its debt to decentralized finance protocol Aave freeing up $26 million in tokens as part of its latest debt restructuring maneuver.
28 days agocryptodaily
Celsius Unlocks 400,000 stETH, Pays Off Debt To Aave
Celsius, the crypto lending firm which has recently been the subject of regulatory oversight for its operational failures due to insufficient liquidity, has confirmed that it has paid up 400,000 stETH (Lido Staked ETH) to Aave, another DeFi lending protocol. In addition, Celsius has also confirmed that they still have an outstanding balance of 10,000.94 wBTC to DeFi protocol Compound. This equates to roughly $199 million based on current pricing. Celsius has also disclosed that it has managed to unlock and shut down its MakerDAO vault which was worth roughly $456 million, with 21,962 wBTC in position recovered. The firm has been steadily easing off its positions from the DeFi space, in what has been considered as initiatives towards dealing with its ongoing liquidity crisis. According to on-chain data, an associated wallet with Celsius Network has repaid most of its debt to Aave by sending some $63.5 million in USDC to the lending protocol, hence unlocking the 400,000 of stETH, which is now worth roughly $418 million. For its debt to Compound, Celsius Network unlocked 350,020 UNI ($2 million) and 529,94 COMP ($25,600), redeeming 300,000 xSUSHI for 395,060.92 SUSHI ($458,200) from SushiSwap, a decentralized exchange. According to data from DeBank, Celsius still has another $27 million in LINK, stETH and SNX remaining locked on Aave's DeFi vault. To unlock these, Celsius would be required to shell out between $8.5 million to $50 million for each to be unlocked. It has not been ascertained whether Celsius' other private wallets have more DeFi debt, but the case remains open for public scrutiny. Celsius' liquidity crisis began during what it has called "extreme market conditions," with Bitcoin sliding off well below the $20,000 level and affecting the entire crypto industry to an extent that the industry, as a whole, has lost over $1 trillion in market capitalization in the span of a month or so. The firm has been the subject of controversy after it paused customer withdrawals in June, explaining that the move was necessary to leverage time and place itself into a "better position to honor, over time, its withdrawal obligations."Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
29 days agocoindesk
Celsius Reclaims $410M of 'stETH' Tokens After Paying Down $81M Debt to Aave
The embattled crypto lender Celsius is inching closer to fully paying off its loans from decentralized finance protocols, reducing its outstanding debt to $59 million.
41 day agocoindesk
Nansen Casts Blame for stETH 'De-Peg' on Terra
The report from the blockchain analytics firm also explains how Celsius and Three Arrows Capital helped foment their own declines.
51 day agocoindesk
Decoupling of Lido’s Staked ETH Differs From Stablecoin Collapse, CoinShares Says
The decoupling of ether (ETH) and Lido Finance’s staked ether (stETH) is not equivalent to the breaking of the link between terraUSD (UST) and the dollar, and isn’t an example of a stablecoin collapse, according to CoinShares.
53 days agocryptodaily
The Crypto Crash Is Here – Bitcoin and Ethereum Struggle But Chronoly Rises
The cryptocurrency market came under further pressure in the last week. Wiith Bitcoin (BTC) surrendering its rally above the $30k level and trading at lows just above $20,000. Ethereum (ETH) was also hammered lower and currently trades under the $1,100 level. The market was being hit as the Federal Reserve was set to raise interest rates by the largest amount since 1984. As funding costs increase, the demand for riskier assets decreases and the cryptocurrency market is suffering. Investors looking for a safe haven in the storm should consider Chronoly (CRNO) instead of Bitcoin (BTC) or Ethereum (ETH). This unique project is taking luxury watch investing into a new age with a decentralised marketplace and fractional investing. Timepieces have proven themselves as a safe haven through many different market cycles and the CRNO token increased by 500% during its presale. Bitcoin (BTC) Back at $20,000 as Crypto Liquidations Continue Bitcoin (BTC) enthusiasts are in shock after the coin traded around the $20,000 level once again. Investors thought the next market rally of Bitcoin would emerge after a recent move above $30,000 but those gains have quickly evaporated. There are fears of insolvencies in the market and crypto lender Celsius paused its withdrawals due to "extreme market conditions”. The Three Arrows digital fund also faced around $400 million in liquidations and were selling positions to lower its collateral levels. The expected rate hike by the Federal Reserve is not helping crypto assets at this time. Ethereum (ETH) Merge Delay has Weighed on the Project Ethereum (ETH) was also trading at levels not seen since 2020 and the market is punishing the project for its recent delay of the Merge version 2 update to the project. Staked Ethereum (stETH) has been a key problem with the current crypto crash and Celsius, alongside the Three Arrows fund, had been collateralizing the coin and were now bailing out with the coin breaking its peg to ETH and falling under $1,000. Chronoly Could be a Safe Haven in the Storm Chronoly (CRNO) was able to rise 500% even through the market turmoil thus proving that it's not here for a short term and could prove to be a crucial crypto project in the upcoming times. Chronoly could actually be a safe haven in the current storm because of its focus on tokenizing luxury watches in NFT form. Luxury watches have been a reliable investment in different market environments while historically appreciating in value. Projects are collapsing now because they rely solely on investor faith. Many investors are pulling their deposits for safer investments and the market cap of projects in the decentralised finance sector have struggled. Chronoly is creating a blockchain marketplace where you can buy, trade, borrow and purchase a rare, exclusive and luxury watch which is then minted as an NFT backed against the real asset. Those timepieces are kept in secure storage to provide further investor confidence. The watch market has suffered in the past from centralization, as only wealthy investors could get access to rare million-dollar watches. Chronoly allows fractional investing which lowers the barriers to entry where investors can purchase fractions for as little as $10. Investors can also stake their CRNO tokens for an annual yield and that is another reason to put capital into the project while the crypto market finds a bottom in price. Top analysts predict this could be the next 1,000x token and has the potential to rise a further 2,500% during the rest of presale. Website: https://chronoly.io/ Presale: https://presale.chronoly.io/register Telegram: https://t.me/Chronolyio Twitter: https://twitter.com/Chronolyio Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
54 days agocoindesk
Biggest ‘stETH’ Pool Almost Empty, Complicating Exit for Would-Be Sellers
A trading pool that large institutional investors such as Alameda Research and Three Arrows Capital have used to dump their “stETH” tokens is now nearly drained and heavily imbalanced, potentially trapping retail investors as well as the embattled crypto lender Celsius.
54 days agocointelegraph
Maker cuts off Aave's DAI supply as fallout from Celsius continues
The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH.
55 days agocryptodaily
Celsius Continues To Struggle With Solvency
The crypto lending platform is trying everything, including a company restructuring, to stay solvent after it decided to suspend withdrawals. Can Celsius Win Back Liquidity? Celsius’s move to suspend withdrawals has landed the company in hot water, as several leading coins plummeted in an already unstable market. Now the company is exploring all options to stay solvent. Crypto research firm Kaiko acknowledged Celsius’s misfortunes to a combination of poor risk management, bearish market conditions, and its dependence on its Staked Ether (stETH) holdings. Chief Financial Analyst at Kaiko, Conor Ryder, believes that Celsius needs to use its significant stETH holdings as collateral in an over-the-counter agreement to manage some liquidity somehow. Ryder wrote in a report on June 15, “Even if they do survive this onslaught, I don’t see how anyone can trust the likes of Celsius to keep their assets safe going forward…perhaps in a few years’ time we will look back on this as a watershed moment for decentralized finance adoption, but that’s probably just the optimist in me.” How stETH Landed Celsius In Trouble Even though the firm has lost a lot of funds in the Terra (LUNA) crash and the BadgerDAO hack, the stETH token is being held primarily responsible for its solvency issues. The token was created by Lido to be tied to ETH and be redeemable on a one-for-one equation after the upgrades to the blockchain. However, as the price of stETH moved away from ETH, Celsius was forced to freeze withdrawals over the lack of liquidity. Now the platform has around $500 million trapped in stETH, which they cannot bulk sell without absolutely destroying the price. Restructuring An Unsustainable Business Model It looks like Celsius is exploring all possible avenues to get itself out of the fix, even going as far as consulting with its investors. The financial advice from the investors prompted the firm to go for complete financial restructuring, for which it has hired a team of lawyers from the law firm Akin Gump Strauss Hauer & Feld LLP. The high yield rate (going as high as 18.63% APY) from this crypto lending platform has always raised eyebrows. At one point, the company held around $11.8 billion of client assets and a total of $8.2 billion of loans. Its total number of users also was close to 1.8 million. Naturally, the concerns over its business sustainability levels have now been vindicated, especially since the firm is planning to restructure its entire business model. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
56 days agocryptodaily
Zhu Su Releases Statement As Three Arrows Capital Insolvency Rumors Gather Steam
Speculation is growing that Three Arrows Capital, a Singapore-based, crypto-focused hedge fund, is now insolvent and could become the latest company to fall victim to the bear market. In response, the company’s co-founder has released a statement on Twitter, addressing growing rumors around the firm’s insolvency. A Cryptic Statement As Rumor Mills Swirl With rumors refusing to die down, the co-founder of Three Arrows Capital (3AC) put out a cryptic tweet on Twitter, which would do little to assuage fears. Zhu tweeted, “We are in the process of communicating with relevant parties and fully committed to working this out.” The rumors started after online chatter around Three Arrows Capital being unable to meet a margin call began when 3AC started moving assets around earlier in the week to top up their funds on DeFi platforms such as AAVE. This was done to avoid potential liquidations against the backdrop of the price of ETH tanking significantly. Unconfirmed reports also claimed that Three Arrows Capital was facing liquidations worth hundreds of millions. A tweet by Onchain Wizard confirmed that 3AC showed that 3AC was indeed moving funds around. “This wallet (tagged as 3AC on Nansen) has been aggressively paying back AAVE debt against its 223k ETH / $264mm position to avoid liquidation. With $198mm in borrowings against it, @ a 85% liq threshold, a -11% move in ETH to $1,042 liquidates it.” Speaking about 3AC and its urgency to reposition its balance sheet, Ryan Selkis from Messari Crypto highlighted stated that the firm ended up on the wrong side of two synthetic trades. Wu Blockchain had also reported that the firm had lost around $31 million in May through trading on Bitfinex. “According to Bitfinex Leaderboard, Three Arrows lost $31,370,031.97 in Bitfinex trading in May, ranking second. The account lost $37,278,593.9 on Bitfinex this year. In June, the account was not recorded. But losses on a single exchange may just be hedge." Celsius Not the Largest Seller Data has shown that DeFi banking platform, Celsius, has also been shoring up its positions to avoid liquidations. Celsius accounts for a significant chunk of the Total Value Locked in various platforms in the DeFi ecosystem, in which 3AC is a significant borrower. If either of the two collapses, there could be repercussions for the entire space. Earlier this week, 3AC sold around $40 million of Lido’s stETH, becoming the largest seller of the token over the past week. Market watchers are keeping tabs on stETH as it has historically traded at par with ETH. However, this changed in May, and a de-peg last week created a headache for its largest holders. The 3AC stETH Firesale Three Arrows began selling stETH right after the collapse of the UST stablecoin, stated DeFi analyst DeFiyst. Back then, stETH had fallen to 95 cents, following which 3AC pulled out over 127k stETH from Curve. DeFiyst wrote, “They have been in and out of AAVE, wstETH, etc., until the selling began this week.” On Tuesday, 3AC carried out several transactions, withdrawing stETH from AAVE and then exchanging 38,900 stETH for ETH. Zhu Su Criticized By Community The co-founder of 3AC has been heavily criticized for hyping up the stETH token, even as his firm continued to dump it. He had stated, “Most of the stETH fair discount analysis I’ve seen misses that from an on-chain functionality perspective, stETH is nearly pari passu w eth functionality in DeFi.” However, users were quick to fire back, stating, “Literally the moment 3AC capitulates after holding STETH the whole way down – He posts bullish about it. How much do you have to hate People around you to do this?” According to the latest figures, $400 million of 3AC positions have already been liquidated, with a further $300 million at risk if the market continues on its current trajectory. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
68 days agocoindesk
Staked Ether Discount After Terra Collapse a Sign of Liquidity Crunch in Crypto
The price gap between the locked-up ether (stETH) and spot ether (ETH) might be a sign of traders demanding compensation for Ethereum’s "Merge" risks, a FundStrat analyst said.
99 days agocoindesk
‘Smart Money’ Wallets Are Unloading APE, Filling Up on aSTETH, Nansen Data Suggests
“Otherdeed for Otherside” NFTs have seen the most activity in the last 24 hours, according to the on-chain analytics firm.

About Lido stETH

The live price of Lido stETH (STETH) today is 1,765.90 USD, and with the current circulating supply of Lido stETH at 3,487,728 STETH, its market capitalization stands at 6,158,977,213 USD. In the last 24 hours STETH price has moved -73.87 USD or -0.04% while 17,343 USD worth of STETH has been traded on various exchanges. The current valuation of STETH puts it at #18 in cryptocurrency rankings based on market capitalization.

Learn more about the Lido stETH blockchain network and how it works or follow the price of its native cryptocurrency STETH and the broader market with our unique COIN360 cryptocurrency heatmap.

Lido stETH Price1,765.90 USD
Market Rank#18
Market Cap6,158,977,213 USD
24h Volume50,366 USD
Circulating Supply3,487,728 STETH
Max Supply141,554 STETH
Yesterday's Market Cap5,729,565,700 USD
Yesterday's Open / Close1,716.65 USD / 1,642.78 USD
Yesterday's High / Low1,728.65 USD / 1,614.37 USD
Yesterday's Change
-0.04% ( 73.87 USD )
Yesterday's Volume17,343.34 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Explorers
Arrow icon