Anybody else own STETH? Ledger live keeps showing $2750 price.
Currently have some STETH. anybody know of a way to swap it for btc?
free hugs for all STETH holders
i am staking some ETH as STeth on Lido via my ledger. i still have a small amount of regular ETH in my wallet. i wanted to use paraswap to swap out of STETH and back into normal ETH. i processed this transaction. ETH was deducted from my account, but i still have the same STETH balance. what is happening? i am lost. i have no experience with ETH transactions really. did i just waste fees for nothing? 0xf34b189c78c21b65240afe6053bc1e8dc7d60834f74bc5dda93b2305a7d81e07
-Should I swap my LINK and AAVE to ETH (~$20 gas) -Should I swap my STETH to ETH (~$15) -Should I send the result ETH to celsius (gas TBD) In total we are talking about maybe 1.1 eth or so I've been wanting to consolidate to only btc/eth/sol buy not sure if it's worth it
Just check on Google or something. Search for the official page I think it's lido.fi ...It's a pool where you lock your ETH and they give you STETH. You get 5% Apr on your ETH
CETH and STETH are on the top 100 bullish on ETH 2
Am I reading this correctly? Lido Staked Ether or $STETH is staked ether that you can go and use in DeFi as well so you can earn yields on top of the staking rewards??? This is crazy…
I have a nano S and did it the same way. The biggest issue is that when you stake your eth, you receive STETH in return, which creates a taxable event (at least in the united states). So if your cost basis on ETH is super low, then you might realize a large amount of gains when staking on Lido. Also, it cost me about $14 in gas to stake, but that's expected. Just make sure to wait til a time when gas is relatively cheap.
who else is buying the STETH dip
This is the type of synergy I’m looking for in my DeFi. Some tokens will offer yield and revenue distribution. Others increased yield for participation in their governance. And there more opportunities to take your swapped tokens like STETH or BAL and do something with those to earn even more. I’m looking for more of these situations to max out my passive income.
I think Balancer also has one. Convex and Yearn are also places to use your STETH although they each operate a little differently. I think Convex rewards you in their native token whereas Yearn compounds rewards with the native pool tokens of whatever pool it farms.
[This](https://www.ledger.com/blog/lido-available-in-ledger-live-bringing-ethereum-staking-within-your-reach) is Ledger’s announcement. Lido is less custodial than CEX staking, although not completely noncustodial. [Here’s ](https://blog.lido.fi/the-road-to-trustless-ethereum-staking/) Lido’s explanation on how they are working toward a fully trustless staking experience, and the challenges they’re still working to overcome. In my personal opinion, Lido is better than Coinbase because it’s fees are lower (10% as opposed to 25% at Coinbase) and it’s working toward full trustlessness. My understanding is that Rocket Pool will be completely noncustodial, but it is still in testing and I didn’t want to wait. I also like the idea of keeping my STETH right in my cold wallet as opposed to leaving it on an exchange. Staking through Lido gives you an exchangeable token that can be used for liquidity providing as well.
I currently do this and also lend the STETH I got from lido to curve, but it’s kind of against the not your keys, not your coins, as sTETH can go down, as well as curve
Lido is pretty decent and perhaps the best way to stake Eth through defi! I honestly didn’t knew ledger supported STETH, I’ve been doing it through metamask
> I posted my details and one of their whitehat guys Alex got in touch. > I won’t give all the details for now as he’s still on the case but he already rescued just over 40 steth that was staked on curve as a ETH/STETH LP pool. I’m overjoyed as that’s $85k that I had written off now back (and in a ledger before any of you ask). Wait, WTF does this mean? How could "Alex" get back staked ETH from the scammer's wallet? This doesn't seem possible.