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stETHReal-World Asset
Lido Staked ETH logo

Lido Staked ETH

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Value of backing
$34.16B
30D change
-0.2%
Yield · 30-day trailing APY
3.20%
NAV
3500.0000
Management fees
10.00%
Minimum
$0
Redemption
Daily
Launched
18 Dec 2020
Field coverage 100%Primary-source or on-chain verified 50% of tracked metrics0/1 source documents analyst-verifiedLast reconciled 13 Nov 2026
Overview

What this product is

The largest liquid staking derivative representing staked Ethereum.

Underlying asset
Staked ETH
Asset class
Commodity
Product structure
Beneficial Interest
Legal structure
BVI Professional Fund
Issuer jurisdiction
United States flagUnited States
Fund domicile
United States flagUnited States
Base currency
USD
Launched
18 Dec 2020
Peer set

Comparable products

Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.

stETHthis product3.20%10.00%$0$34.16B
ONDO0.00%0.00%$0$15B
wstETH3.50%0.10%$0$14.27B
WBTC0.00%0.00%$0$7.78B
weETH3.80%0.10%$0$7.17B
cbBTC0.00%0.00%$0$6.68B
XAUt0.00%0.25%$0$1.9B
Issuer

Who runs it

Lido FinanceGlobal

The leading liquid staking protocol.

Portfolio

Composition

  • Staked ETH100.0%
Weighted average maturity
0 days
Backing
Attestation

Asset backing

What each token represents in physical terms.

  • Staked ETH100.0%
Backing

Physical backing

Beacon Chain ETH

Unit backing
1 token = 1 ETH
Valuation
real-time
Location
Ethereum Beacon Chain

On-chain history begins 07 Oct 2026 and covers 38 days of readings.

AUM
$34.16B

Assets under management

-0.2% over 38 days held
Yield
3.20%

Yield history. 30-day trailing APY

No on-chain history recorded for this series yet.
NAV
3500.0000

NAV per token

No on-chain history recorded for this series yet.
Movement

Recent daily movement

Net movement -$78.7MOver 38 daysChange -0.2%
Direction
13 Nov 2026$34.16B$61.8M+0.2%
12 Nov 2026$34.1B$96.7M+0.3%
11 Nov 2026$34B$16.1M+0.0%
10 Nov 2026$33.98B-$11.1M-0.0%
09 Nov 2026$33.99B$34.8M+0.1%
08 Nov 2026$33.96B$4.8M+0.0%
07 Nov 2026$33.95B-$39.4M-0.1%
06 Nov 2026$33.99B$107.4M+0.3%
05 Nov 2026$33.89B$20M+0.1%
04 Nov 2026$33.87B-$57.4M-0.2%
Redemption
Terms

Contractual terms

Redemption frequency
Daily
Dealing cut-off
24/7
Settlement
T+3
Redemption fee
None
Secondary venues
Curve, Uniswap
Transfer restrictions
None

These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.

Assessment

Liquidity profile

Primary redemption
Daily · T+3
Off-hours exit
Available continuously
Secondary market
Curve, Uniswap
Transferability
Freely transferable after compliance period
Exit fee
No redemption fee
Relationship graph

Operational dependency network

Every firm and system this product relies on. Select any of them to open its profile.

Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.

Open in Ecosystem Graph →

Issuance & legal

Who is legally on the hook for this product.

Custody

Where the backing assets actually sit.

Markets & settlement

Where it trades and how value moves between venues and chains.

Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.

Deployments
Registry

Networks and contracts

Contract / asset id
EthereumPrimarypublic l10xae7ab96520…12D7fE84100.0%
Counterparties

Service providers

If any of these has a problem, this product is affected.

Administrator
Lido· Global
Tokenization platform
Lido· Global
Oracle / attestation
chainlink
Access
Classification

Who may hold this

RetailEligible
AccreditedNot eligible
ProfessionalNot eligible
InstitutionalEligible
Minimum investment
$0
Allow-list required
No
Transfer restrictions
None
Geography

Where it is available

United States flagUnited StatesAvailable
European Union flagEuropean UnionNot available
Singapore flagSingaporeAvailable
Switzerland flagSwitzerlandAvailable
Hong Kong SAR flagHong Kong SARAvailable
Explicit prohibitions

    Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.

    Related intelligence

    7 events reference this product

    09 Nov 2026Infrastructure
    Excl: New tokenized stock venue eyes 2027 Solana launch - The Block

    An upcoming tokenized stock trading venue is reportedly targeting a 2027 launch on the Solana network.

    The development of a dedicated tokenized stock venue on Solana indicates institutional confidence in high-throughput public chains for traditional equities. This expands the competitive landscape for permissioned execution venues and challenges EVM-centric tokenized asset deployment strategies.

    07 Nov 2026Product
    Lido Unveils Lido Lend, a Lending Market Built on Morpho Blue Fork - CoinMarketCap

    Lido has announced the launch of Lido Lend, a dedicated lending market constructed using a fork of Morpho Blue to optimize stETH utility and leverage.

    The launch of Lido Lend deepens structural integration for stETH within decentralized credit markets, isolating wrapper choice and enhancing capital efficiency. This creates an institutional pathway for leveraged staking strategies while increasing systemic reliance on Morpho-based primitives.

    03 Nov 2026Regulation
    VanEck Withdraws Filing for Lido Staked Ethereum ETF

    Asset manager VanEck officially rescinded its regulatory filing with the SEC for an exchange-traded fund offering exposure to Lido Staked Ethereum (stETH).

    This withdrawal underscores the ongoing regulatory friction surrounding liquid staking tokens and the SEC's reluctance to approve investment vehicles holding yield-bearing smart contract primitives. It delays institutional access to native staking yields via regulated wrapper products, cementing the segregation between TradFi capital pools and decentralized staking yields.

    01 Nov 2026Market Structure
    Lido Revenue Jumps to $605,000 on Execution-Reward Windfall - Cryptonews.net

    Lido reported a revenue increase to $605,000 driven by execution-reward windfalls within its staking operations.

    An increase in execution-reward windfalls highlights the variable yield component available to liquid staking token holders, directly impacting the opportunity cost of holding base layer assets versus participating in institutional staking protocols. This revenue expansion reinforces Lido's protocol-level fee capture model, though structural concentration risks remain a primary consideration for institutional allocators evaluating validator centralization.

    01 Nov 2026Capital
    LDO Down 96%, Lido DAO Proposes $20M Buyback - CoinMarketCap

    Lido DAO introduces a $20 million token buyback proposal following significant downward price pressure on the LDO governance asset.

    A major treasury-backed buyback by the dominant liquid staking protocol alters token supply dynamics and signals aggressive capital management to defend governance utility, directly impacting institutional staking derivative risk frameworks.

    31 Oct 2026Market Structure
    $605,320 in one day: Lido DAO treasury revenue jumps 6.4x its 7-day median

    Lido DAO treasury experiences an anomalous single-day revenue intake of $605,320, representing a 6.4x multiple over its standard 7-day median revenue baseline.

    A 6.4x multiple expansion in protocol-level fee capture demonstrates the high beta of staking infrastructure revenues relative to baseline Ethereum network congestion. For DAO treasuries and institutional stakeholders, such cash-flow surges reinforce the economic viability of dominant staking middleware while accentuating revenue unpredictability.

    31 Oct 2026Market Structure
    Lido Revenue Jumps to $605,000 on Execution-Reward Windfall

    Lido protocol records a single-day revenue surge to $605,000 driven by a significant windfall in Ethereum execution-layer rewards and MEV capture.

    Sudden spikes in execution-layer rewards highlight the inherent asymmetry of validator yield profiles, which directly impacts the net staking yield delivered to institutional holders of stETH. This volatility underscores the ongoing yield divergence risks between native staking derivatives and fixed-income tokenized treasuries.