What Is stETH?

CoolWallet Partners With Lido For Liquid ETH Staking - CoolWallet

StETH is a derivative of ETH that is staked on Lido. Lido is a decentralized protocol allowing users to stake ETH and participate in the consensus mechanism of Ethereum. Staking helps to secure the Ethereum network under a proof-of-stake consensus mechanism, which is more energy-efficient and scalable.

Read more