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It was introduced in 2020 on the Lido protocol, anticipating Ethereum's shift to proof-of-stake.

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start a membership platform for freelance entrepreneurs ✌️【365vc.net】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.StETH holders participate in transaction validation and receive rewards.Staked Ether, or STETH, is a type of cryptocurrency token that represents Ether (ETH) that has been staked in the Ethereum 2.0 Beacon Chain.

It is a part of the Lido decentralized finance (DeFi) project, which enables users to earn rewards from staking without needing to run their own Ethereum 2.0 validator nodes.*The Lido Project*Lido is a decentralized Ethereum 2.0 staking solution.

It aims to solve the challenges of staking in the Ethereum 2.0 network by offering liquidity for staked ETH.

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