What is steth coin? What are the characteristics of steth coins?
Staking derivatives STETH coins can obtain ETH staking income in the Lido protocol, while providing liquidity, participating in governance, and no lock-up period.
STETH Coin
Introduction
STETH coin is an Ethereum pledged derivative token issued by the Lido Finance platform, representing the ETH pledged by users in the Lido protocol.
Features
- Linked with ETH: STETH currency is linked to the value of ETH, 1 STETH = 1 ETH.
- Pledge income: Holding STETH coins can obtain the income from pledging ETH in the Lido protocol. The rate of return is related to the pledge rate of ETH.
- Liquidity: STETH coins can be freely traded on decentralized exchanges and centralized exchanges, providing liquidity.
- Participate in governance: STETH currency holders can participate in the governance of the Lido protocol through the Lido governance token LDO.
- No lock-up period: Unlike ETH staking, STETH coins have no lock-up period and users can withdraw their ETH at any time.
Purpose
- Staking income: Obtain ETH staking income without pledging ETH yourself.
- Liquidity: Provide liquidity while maintaining ETH staking income.
- DeFi Application: Can be used as collateral or liquidity provider in DeFi protocols.
- Hedging: Can be used to hedge ETH price fluctuations.
Risk
- ETH Price Fluctuation: The value of STETH coins is linked to the price of ETH and is therefore affected by ETH price fluctuations.
- Smart contract risk: STETH currency is based on the smart contract of the Lido protocol, and there is a risk of smart contract vulnerabilities.
- Liquidity risk: Under extreme market conditions, the liquidity of STETH coins may decline.
The above is the detailed content of What is steth coin? What are the characteristics of steth coins?. For more information, please follow other related articles on the PHP Chinese website!
Top 10 Global Virtual Currency Exchange Rankings Top 10 Latest Virtual Currency APPs in 2025Apr 22, 2025 pm 02:39 PMTop 10 global virtual currency exchanges rankings: 1. OKX, 2. Binance, 3. Gate.io, 4. Huobi, 5. Coinbase, 6. Kraken, 7. Bitfinex, 8. KuCoin, 9. Bybit, 10. Bitstamp, these platforms provide real-time market trends, technical analysis tools and user-friendly interfaces to help investors conduct effective market analysis and trading decisions.
Ranking of the top ten free virtual currency app exchanges. Recommended digital currency trading platform rankings in 2025Apr 22, 2025 pm 02:36 PMThe top ten free viewing software apps recommended include: 1. OKX, 2. Binance, 3. gate.io, 4. Huobi, 5. Coinbase, 6. KuCoin, 7. Kraken, 8. Bitfinex, 9. Bybit, 10. Bitstamp. These apps provide real-time market trends, technical analysis and price reminders to help users monitor market dynamics in real time and make informed investment decisions.
Top 10 virtual currency app exchanges rankings The latest list of top 10 virtual currency exchangesApr 22, 2025 pm 02:33 PMTop 10 virtual currency app exchanges: 1. OKX, 2. Binance, 3. Gate.io, 4. Huobi, 5. Coinbase, 6. Kraken, 7. Bitfinex, 8. KuCoin, 9. Bybit, 10. Bitstamp, these platforms provide real-time market trends, technical analysis tools and user-friendly interfaces to help investors conduct effective market analysis and trading decisions.
Reliable and easy-to-use virtual currency exchange app recommendations The latest ranking of the top ten exchanges in the currency circleApr 22, 2025 pm 01:21 PMThe reliable and easy-to-use virtual currency exchange apps are: 1. Binance, 2. OKX, 3. Gate.io, 4. Coinbase, 5. Kraken, 6. Huobi Global, 7. Bitfinex, 8. KuCoin, 9. Bittrex, 10. Poloniex. These platforms were selected as the best for their transaction volume, user experience and security, and all offer registration, verification, deposit, withdrawal and transaction operations.
What are the easy-to-use and safe digital currency trading apps? The latest ranking of the top ten virtual currency trading platforms in 2025Apr 22, 2025 pm 01:18 PMEasy to use and safe digital currency trading apps include: 1. OKX, suitable for professional traders and institutional users; 2. Binance, the world's largest trading volume, and local compliance needs to be confirmed; 3. Gate.io, suitable for niche token trading; 4. Kraken, an old exchange, suitable for European and American users; 5. Coinbase, suitable for novices; 6. Bybit, good derivative trading experience; 7. Bitget, outstanding order trading system; 8. KuCoin, suitable for exploring potential projects; 9. HTX, need to pay attention to brand transformation, etc.
Ranking of the top ten digital currency exchanges The latest list of top ten virtual currency trading software platformsApr 22, 2025 pm 01:15 PMThe top ten digital currency exchanges are: 1. Binance, 2. OKX, 3. gate.io, 4. Coinbase, 5. Kraken, 6. Bitfinex, 7. Huobi, 8. KuCoin, 9. Bitstamp, 10. Gemini, these platforms are highly regarded for their high liquidity, extensive trading pairs, relatively low transaction fees, multi-level security measures, and a friendly user interface.
What are the top ten virtual currency trading apps? Recommended on the top ten digital currency exchange platformsApr 22, 2025 pm 01:12 PMThe top ten secure digital currency exchanges in 2025 are: 1. Binance, 2. OKX, 3. gate.io, 4. Coinbase, 5. Kraken, 6. Huobi, 7. Bitfinex, 8. KuCoin, 9. Bybit, 10. Bitstamp. These platforms adopt multi-level security measures, including separation of hot and cold wallets, multi-signature technology, and a 24/7 monitoring system to ensure the safety of user funds.
What are the cryptocurrency trading platforms? Top 10 currency exchange app rankingsApr 22, 2025 pm 01:09 PMCryptocurrency trading platforms: 1. Binance, 2. OKX, 3. Gate.io, 4. Coinbase, 5. Kraken, 6. Huobi Global, 7. Bitfinex, 8. KuCoin, 9. Bittrex, 10. Poloniex. These platforms were selected as the best for their transaction volume, user experience and security, and all offer registration, verification, deposit, withdrawal and transaction operations.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Atom editor mac version download
The most popular open source editor
SublimeText3 Linux new version
SublimeText3 Linux latest version
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
Zend Studio 13.0.1
Powerful PHP integrated development environment
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
