Lido Staked Ether (stETH) is a token that represents your staked ether in Lido, combining the value of initial deposit and staking rewards.
56%
43%
Bullish
Bearish
Community
Cointelegraph
07-28 00:50
Follow
🚨 Update: Lido has begun its largest upgrade since 2023, migrating more than 8 million stETH, worth approximately $16.5 billion, to a new validator architecture.
477
0
0
30
Rabby Wallet
07-21 22:05
Follow
🎉 0.25% Zero Fees!
Rabby now offers zero-fee swaps for eligible token pairs, including:
✅ Stablecoin swaps (USDT, USDC, etc.)
✅ ETH and Ethereum DeFi token swaps (ETH, WETH, stETH, etc.)
See the "Free" label? This swap is free of charge.
392
0
0
37
Wu Blockchain
07-05 22:23
Follow
The Ethereum Foundation has allocated 2,469 stETH (worth $4.34 million) to Argot, an Ethereum nonprofit developer organization, as the fourth year of its five-year funding commitment. The final payment of 2,469 stETH is scheduled for July 2027. Last year, Argot received a grant of 7,000 ETH and sold 4,826.6 ETH for approximately 15.42 million USDC for operations.
431
0
0
28
Token Terminal 📊
05-21 20:16
Follow
Ethena tops Token Terminal's revenue cost rankings, spending a staggering $355 million over the past year—four times that of the second-ranked protocol.
Revenue cost tracks the fees a protocol pays to third parties to maintain its operations.
For Lido, this refers to fees paid to node operators; for L2 service providers, it refers to gas fees required for settlement on Ethereum; and for @ethena, it refers to the returns paid to sUSDe holders.
It works like this: Ethena holds spot ETH and BTC, then shorts an equal amount of perpetual futures contracts. When perpetual contract traders hold a net long position, the longs pay a funding rate to the shorts.
Ethena collects this funding rate, adds stETH staking rewards and some Treasury bond rewards, and all the returns are paid to users who stake USDe.
Therefore, Ethena's top ranking doesn't necessarily indicate inefficiency, but rather that many people have profited from it.
386
0
0
49
PeckShieldAlert
05-19 10:20
Follow
The exploiters of @trustedvolumes #PeckShieldAlert have exchanged 1,170 $ETH (worth $2.48 million) for $stETH.
They currently hold $4.88 million worth of cryptocurrency, including 1,170 $stETH and 1,120 $ETH.
435
0
0
42
OdailyNews
04-24 12:53
Follow
This isn't Aave's fault, but Aave is the one that's been hurt the most 🥺🥺🥺
The Save AAVE @aave plan has been launched: 43,500 $ETH in potential support has been secured, with a funding gap of approximately 68,900 $ETH.
Following the $rsETH security incident on April 24th, Aave faced a funding gap of approximately 68,900 ETH (about $160 million) (the hacker lent out 99,600 ETH, and Arbitrum froze 30,700 ETH). In response, Aave has spearheaded the establishment of the "DeFi United" joint rescue mechanism.
📊The following is a list of the currently disclosed rescue participants, institutions, and related amounts:
· Lido Finance @LidoFinance: 2500 stETH (Proposal Stage)
· EtherFi Foundation @ether_fi: 5000 ETH (Proposal Stage)
· Stani Kulechov @StaniKulechov: 5000 ETH (Personal Contribution)
· Golem Foundation @GolemFoundation: 1000 ETH
· Bybit Group Mantle @Bybit_Official: 30,000 ETH (Proposal Stage)
444
0
0
46
Lookonchain
04-24 09:09
Follow
The KelpDAO hackers have converted all 75,701 ETH (worth $175 million) on Ethereum into BTC through THORChain and other channels. 🚨
Mantle (@Mantle_Official) has proposed providing Aave with 30,000 ETH (worth $70 million) as a loan.
Lido (@LidoFinance) has also proposed a one-time donation of 2,500 stETH (worth $5.82 million).
485
0
0
26
Wu Blockchain
04-23 22:33
Follow
Lido Responds to Kelp rsETH Hack: EarnETH Suspended, DAO Activates $3 Million First Loss Protection Mechanism
Following the Kelp incident, Lido Finance released an update regarding the Lido Earn vault, stating that the Lido staking protocol, stETH, and wstETH are unaffected. Key updates include: only the EarnETH vault holds rsETH (approximately 9% of its TVL), and deposits and withdrawals are currently suspended; in the event of a loss, a $3 million "first loss protection mechanism" funded by the Lido DAO vault will be activated, providing protection through methods such as burning DAO vault shares.
490
0
0
34
TheCryptoBasic
04-21 16:53
Follow
Lido assesses $21.6 million in risk exposure and considers establishing a loss buffer.
Lido reports approximately $21.6 million in risk exposure to rsETH held through EarnETH products. According to its disclosure on X, this exposure stems from leveraged positions on Aave.
The agreement emphasizes that the ultimate financial impact remains uncertain and will depend on ongoing coordination between KelpDAO, LayerZero, and Aave.
To mitigate potential losses, Lido is considering deploying a $3 million protective buffer from its DAO vault. Notably, the agreement confirms that its core assets stETH and wstETH are unaffected by this event.
416
0
0
35
The Crypto Dog 📈
04-21 15:45
Follow
Guys, it's actually quite simple. A group of people staked their ETH on the Ethereum blockchain to earn yield, but they didn't want their funds locked up, so they chose Lido's liquidity staking protocol. Lido provides them with a liquidity staking token called stETH. To further increase their yield, they deposited stETH into Eigenlayer's restaking protocol. But they still didn't want to lock up their funds, so they chose KelpDAO's liquidity restaking protocol. KelpDAO provides them with a liquidity restaking token called rsETH. To further increase their yield, they deposited rsETH into Aave's lending protocol, allowing them to create a leveraged cyclical position, borrowing ETH using rsETH as collateral, then re-staking the borrowed ETH back into rsETH, and finally depositing rsETH as collateral into Eigenlayer. It turned out that rsETH used a cross-chain bridge called LayerZero, which was attacked by North Korean hackers, causing rsETH to be locked up. These revolving positions are now stuck in a stalemate and unprofitable situation due to insufficient collateral, with everyone blaming each other, and DeFi is a very serious industry.