Lido Staked ETH Price Prediction

Staked ETH (stETH) is a token that represents staked ether in Lido, combining the value of initial deposit + staking rewards — penalties. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are pegged 1:1 to the ETH that is staked using Lido. stETH token balances are updated when the oracle reports changes in total stake every day. It effectively acts as a bridge bringing Ethereum 2.0’s staking rewards to ETH 1.0. stETH tokens can be used as one would use ETH, allowing users to earn ETH staking rewards whilst benefiting from, among other things, yields across other DeFi products.