Why stETH Can Be a Good Option for Your Investment Portfolio?
What is stETH?
stETH is a tokenized form of Ethereum. This token is used for staking Ethereum on Lido - the leading ETH staking platform. At the moment, the number of staked Ethereum is growing exponentially because holders use it to get additional profit.
After the Merge, Ethereum started growing in value, and it is expected that when unstaking is permitted, its price will surge. stETH can be swapped for more than 2,000 coins and tokens on LetsExchange.io.
What are the main market indicators of the token?
The project was launched in 2020. The total market capitalization of stETH is $8,043,347,987, with an all-time low of $482.90, and an all-time high of $4,829.57. Now the project is ranked 13. Now, the
stETH token is available for swaps on LetsExchange.io.
What else makes us believe that stETH may be a wise investment?
stETH was introduced in 2020 in anticipation of ETH shift to proof-of-stake, and since then, the number of staked ETH is growing. The coins enable holders not only benefit from the ETH price increase but to get additional rewards from their staked coins.
The stETH website is visited by over 344.3К visitors. The project has over 120.9K followers on Twitter and almost 12.5К followers on Telegram.