Day: April 22, 2022

StETH offers a liquid token that can be traded and used in applications, unlike normal staked ETH, which is locked in the protocol. This allows users to easily manage and use their staked ETH without sacrificing the ability to earn staking rewards. When staking ETH natively instead of liquid staking, these are locked into the protocol and not withdrawable or tradable until a future network upgrade. Staked ether (stETH) was introduced in 2020 in anticipation of Ethereum’s shift to the proof-of-stake consensus mechanism. Staked Ether’s Decoupling From Ether If you…

This is particularly efficient with the use of stETH, as the rebasing factor of stETH helps the borrower pay off their debt easier simply by holding it. Protocol APR — the overall Consensus Layer (CL) and Execution Layer (EL) rewards received by Lido validators to total pooled ETH estimated as the moving average of the last seven days. The most popular way of utilizing stETH right now is by providing liquidity on the ETH/stETH-pool on Curve. You can also use stETH as collateral to take out a loan on Aave.…