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What is Lido Staked ETH (stETH)?

Lido is a staking protocol based on Ethereum that enables users to stake their ETH and earn rewards. It addresses issues of illiquidity, immovability, and accessibility associated with staking on ETH 2.0. Built on Ethereum 2.0’s Beacon chain, users can earn rewards without locking in their Ether or managing staking infrastructure. The stETH token represents staked ETH on Lido, with rewards distributed in the same token. stETH maintains a 1:1 peg with ETH and is usable across DeFi platforms on Ethereum. To receive stETH, users deposit ETH into Lido's smart contracts, which are then staked on ETH 2.0 through node operators in batches of 32 ETH, as per network requirements. Rewards are proportional to the staked amount, with a 10% fee split between node operators and Lido Treasury. Lido DAO g...

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