Question 1

What is Staked Ether (STETH)?

Accepted Answer

Staked Ether, or STETH, is a type of cryptocurrency token that represents Ether (ETH) that has been staked in the Ethereum 2.0 Beacon Chain. It is a part of the Lido decentralized finance (DeFi) project, which enables users to earn rewards from staking without needing to run their own Ethereum 2.0 validator nodes.

**The Lido Project**
Lido is a decentralized Ethereum 2.0 staking solution. It aims to solve the challenges of staking in the Ethereum 2.0 network by offering liquidity for staked ETH. With Lido, users can stake their ETH without minimums or needing to run their own infrastructure while receiving STETH tokens that represent their staked ETH and the rewards it earns. Lido allows holders of STETH to benefit from the potential increase in value of staked ETH while also maintaining some liquidity.

Question 2

What is STETH used for?

Accepted Answer

STETH tokens represent staked ETH in the Lido protocol. Holders of STETH receive a proportionate share of the staking rewards generated by Lido validators. The STETH tokens themselves can be traded, used in DeFi applications, or held in a wallet to continue earning staking rewards.

In other words, STETH gives holders the ability to earn rewards from staking in the Ethereum 2.0 network while also providing them with a liquid token they can use within the wider Ethereum ecosystem.

Question 3

Who's behind STETH?

Accepted Answer

STETH is a product of the Lido project, which was developed by the Lido DAO (Decentralized Autonomous Organization).


WSTETH	ERC20	ETH	0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0	2021-02-19
WSTETH	ERC20	ARB	0x5979D7b546E38E414F7E9822514be443A4800529	2021-08-04
WSTETH	ERC20	BASE	0xc1CBa3fCea344f92D9239c08C0568f6F2F0ee452	2023-09-28
WSTETH	ERC20	OP	0x1F32b1c2345538c0c6f582fCB022739c4A194Ebb	2022-08-05
WSTETH	ERC20	POL	0x03b54A6e9a984069379fae1a4fC4dBAE93B3bCCD	2022-08-25
WSTETH	ERC20	ZK	0x703b52F2b28fEbcB60E1372858AF5b18849FE867	2023-10-23
WSTETH	ERC20	MANTLE	0x458ed78EB972a369799fb278c0243b25e5242A83	2023-11-23
WSTETH	ERC20	LINEA	0xB5beDd42000b71FddE22D3eE8a79Bd49A568fC8F	2023-08-03
WSTETH	ERC20	MODE	0x98f96A4B34D03a2E6f225B28b8f8Cb1279562d81	2024-06-04
WSTETH	BEP20	BNB	0x26c5e01524d2E6280A48F2c50fF6De7e52E9611C	2024-06-25
WSTETH	ERC20	SONEIUM	0xaA9BD8c957D803466FA92504BDd728cC140f8941	2025-01-20
WSTETH	ERC20	UNICHAIN	0xc02fE7317D4eb8753a02c35fe019786854A92001	2025-02-14
WSTETH	ERC20	LSK	0x76D8de471F54aAA87784119c60Df1bbFc852C415	2025-01-23
WSTETH	ERC20	SWELL	0x7c98E0779EB5924b3ba8cE3B17648539ed5b0Ecc	2024-12-13
stETH	ERC20	ETH	0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84	2020-12-18