Your wallet now displays the amount of ETH you staked in stETH in your wallet. For each ETH the user deposits, Lido mints 1 stETH (staked ETH) and gives it to the user. StETH represents the user’s stake in the Lido pool and earns daily staking rewards (in the form of more stETH). If only […]
This mechanism is the reason why the stETH reward rate is currently lower than that of Ethereum. Stay informed about the latest trends in the blockchain ecosystem and gain expert insights from a leading Web3 operator. Remember that you’ll need to keep some ETH in your wallet for gas fees. In MetaMask, confirm the transaction […]