Lido Staked Ether (STETH) Price and Market Data

Lido Finance is a liquid staking protocol for the Ethereum and Polygon blockchains, allowing users to participate in securing these networks while maintaining the liquidity of their assets. In exchange for a deposit in Ether (ETH), users benefit from staking rewards and receive a liquid staking token in return, stETH, whose value is correlated to that of ETH. This token symbolizes their deposit with a 1 to 1 ratio and can be used in various decentralized finance (DeFi) protocols. Lido Finance uses users' funds to operate validator nodes on the Ethereum blockchain, thus providing an ideal solution for investors who neither have the necessary technical skills nor the required amount of cryptocurrency to become validators themselves.