Glossary - ChicksX

stETH is a token representing staked Ether on the Ethereum blockchain, earning staking rewards while maintaining liquidity and flexibility.

stETH is a tokenized version of staked Ether on the Ethereum blockchain, created by Lido Finance. It allows users to earn staking rewards without locking up their Ether. When you stake Ether through Lido, you receive stETH in return, representing your staked assets. This token can be traded, used in DeFi protocols, or held, offering flexibility and liquidity. The value of stETH aligns closely with Ether, reflecting accrued staking rewards. This innovation enables participation in Ethereum's proof-of-stake consensus while maintaining access to your assets for other financial activities.