Lido Staked Ether STETH
Lido Staked Ether (stETH) is a liquid staking token issued by the Lido protocol.
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Market data
Key metrics
Price chart
Lido Staked Ether price chart
Converter
STETH to USD calculator
Convert any amount of STETH to USD (or USD to STETH) at the live mid-market rate.
Rate: 1 STETH = 2,504.4 USD. Live mid-market price refreshed every 5 minutes. Exchanges may quote slightly different rates including spread and fees.
stETH/ETH ratio
Liquid staking token pages compare the token against its underlying asset. For STETH, the important check is whether it trades near ETH parity or at a visible premium or discount.
Ratio uses live USD prices for STETH and ETH; exchange-specific quotes can differ because of liquidity, fees, and slippage.
Where to buy
Compare verified STETH exchanges
A broader comparison of up to five exchange partners with STETH support and a region-routed sign-up link, ranked by HodlChecker score rather than bonus size.
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STETH market prices
Lido Staked Ether markets
Native STETH spot pairs on centralized exchanges, ranked by reported 24h USD volume. Prices can differ by spread, liquidity, fees, and region.
| Venue | Pair | Price | 24h volume | Spread | Freshness | Action |
|---|---|---|---|---|---|---|
LATOKEN Market data | STETH/USDT | $2,503.85 | $307.45K | 0.12% | 1m ago | Open market |
BloFin Market data | STETH/USDT | $2,505.53 | $250.4K | 0.19% | 1m ago | Open market |
Bybit Market data | STETH/USDT | $2,504.33 | $178.9K | 0.02% | 1m ago | Open market |
OKX Market data | STETH/USDT | $2,504.23 | $134.7K | 0.03% | 1m ago | Open market |
Zoomex Market data | STETH/USDT | $2,504.33 | $53.67K | 0.01% | 1m ago | Open market |
Market data is filtered to remove stale or anomalous pairs. Use it as a liquidity and price reference, not a guarantee of executable pricing.
What Lido Staked Ether represents
stETH is a rebasing ERC-20 token that represents ETH staked through Lido plus staking rewards, after protocol fees and validator performance are reflected by Lido oracle reports.
Protocol
Lido accepts ETH, stakes it through Ethereum validators, and issues STETH as the liquid staking token users can hold or move.
Token mechanics
stETH is rebasing, so balances can update as Lido accounts for rewards and protocol state. Wrapped stETH (wstETH) is a non-rebasing wrapper often used by DeFi apps and bridges.
Ethereum contract
Verify the contract before swapping or withdrawing to self-custody.
How to exit STETH
Users can request a protocol withdrawal through Lido, wait for the withdrawal queue to finalize, then claim ETH. The faster alternative is selling or swapping stETH on a secondary market, which may involve a premium, discount, fees, or slippage.
Buy stETH directly
Use a supported exchange when you want stETH exposure without first managing an on-chain swap. Confirm the exchange supports withdrawals on the network you plan to use.
Check STETH on CoinbaseSwap ETH for stETH
Use deep Ethereum liquidity on DEXs such as Curve, Uniswap, or Balancer when you already have ETH in a self-custody wallet. Check slippage and the stETH/ETH ratio before confirming.
See DEX optionsStake ETH through Lido
Stake ETH through Lido to mint stETH from the protocol. This is the cleanest route when you want new liquid staking exposure instead of buying existing stETH from another holder.
Open Lido stakingHow people use STETH in DeFi
Liquid staking exposure
Hold a tokenized staking position while keeping the option to sell, transfer, or use it in DeFi instead of waiting for a validator exit.
Collateral and lending
Use stETH or wrapped stETH in supported lending markets, structured products, and vaults. Liquidations, oracle pricing, and protocol risk matter as much as the headline staking yield.
Liquidity pools
Provide liquidity in stETH/ETH pools to earn trading fees or incentives, while accepting impermanent loss, depeg, smart-contract, and pool-specific risk.
Lido Staked Ether risks
Liquid staking tokens can be useful, but they are not the same as holding unstaked ETH. Check these risks before using STETH as a substitute for ETH.
Discount and liquidity risk
stETH can trade below ETH when more users want immediate exits than secondary-market liquidity can absorb. Selling at a discount is different from waiting for a protocol withdrawal.
Withdrawal queue risk
Protocol redemption depends on Lido withdrawals, available buffer ETH, validator exits, and Ethereum network conditions. Completion timing can vary.
Smart-contract and oracle risk
stETH depends on Lido contracts, oracle reports, accounting logic, and integrated DeFi protocols. A bug or integration failure can affect balances or liquidity.
Validator and slashing risk
The underlying ETH is staked with validators. Poor validator performance or severe faults can reduce rewards or create losses that affect stETH economics.
Governance concentration risk
Lido DAO governance, node-operator selection, and protocol parameters influence how stETH works. Concentrated liquid staking is also a broader Ethereum ecosystem concern.
Wrapped and bridged token risk
wstETH and bridged stETH variants add wrapper, bridge, chain, and contract-address risk. Always verify which asset and network you are using.
About the asset
About Lido Staked Ether
Lido Staked Ether (stETH) is a token that represents your staked ether in Lido, combining the value of initial deposit and staking rewards. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are pegged 1:1 to the ethers that are staked by Lido and the token’s balances are updated daily to reflect earnings and rewards. stETH tokens can be used as one would use ether, allowing you to earn ETH 2.0 staking rewards whilst benefiting from e.g. yields across decentralised finance products.
What drives the Lido Staked Ether price
The structural forces behind STETH's price moves — without forecasting where it goes next.
ETH ratio and liquidity
stETH is designed to track staked ETH, but it trades freely on secondary markets. The stETH/ETH ratio can move above or below 1.0 depending on Curve, Uniswap, OTC, CEX liquidity, market stress, and how quickly users want to exit versus waiting for protocol withdrawals.
Ethereum staking rewards
stETH balances rebase as Lido accounts for Ethereum staking rewards, priority fees, MEV, validator performance, and protocol fees. The net reward rate is variable, not a fixed interest rate, and changes with total ETH staked and network activity.
Lido protocol confidence
Lido is one of the largest liquid staking protocols, so trust in its contracts, node-operator set, oracle process, DAO governance, and withdrawal queue all affect whether investors treat stETH as close to ETH or demand a liquidity discount.
Lido Staked Ether milestones
- Dec 2020Lido launches liquid staking for Ethereum
- Jun 2022stETH trades at a notable discount during the Celsius and 3AC liquidity crisis
- Sep 2022Ethereum Merge moves staking rewards fully into Proof of Stake economics
- Apr 2023Shanghai/Capella enables Ethereum staking withdrawals
- May 2023Lido V2 withdrawals go live for stETH redemptions
This is context, not a forecast. Lido Staked Ether prices can move sharply in either direction; nothing on this page is financial advice.
Lido Staked Ether FAQ
What is the current price of Lido Staked Ether?
How do I buy Lido Staked Ether?
Is Lido Staked Ether a good investment in 2026?
How is the Lido Staked Ether price determined?
Can I buy Lido Staked Ether on a decentralised exchange (DEX)?
What is the official Lido Staked Ether contract address?
Informational only. Cryptocurrency is volatile and not suitable for everyone — nothing on this page is financial advice.
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