Lido Staked SOL STSOL price:

How to buy Lido Staked SOL? How can I buy the Lido Staked SOL coin? Lido Staked SOL stock how to buy? How to get Lido Staked SOL?

To find out where you can buy currency Lido Staked SOL see the list of available exchanges.

Where to trade Lido Staked SOL?

Click here to see the list of available exchanges for Lido Staked SOL.

Lido Staked SOL, symbolized as STSOL, represents a liquid staking derivative token within the Solana ecosystem, specifically designed to unlock the liquidity of staked SOL tokens. Developed by Lido Finance, a leading decentralized autonomous organization DAO in the liquid staking space, STSOL addresses the common challenge faced by users who stake their Proof of Stake PoS assets: the lock-up period that renders their capital illiquid. By providing a tokenized representation of staked SOL, STSOL enables users to earn staking rewards while simultaneously maintaining access to their capital for use across various decentralized finance DeFi applications. When a user stakes their SOL through Lido s Solana liquid staking solution, they receive an equivalent amount of STSOL tokens. These STSOL tokens are not merely a receipt; they are an interest-bearing asset that automatically accrues staking rewards directly within the token s value, meaning the amount of SOL redeemable by each STSOL token increases over time. This innovative mechanism allows holders to participate in the Solana network s security and earn yield without sacrificing the ability to utilize their holdings in the broader DeFi landscape. For instance, STSOL can be used as collateral for loans, traded on decentralized exchanges, or deployed in liquidity pools to earn additional yield, significantly enhancing capital efficiency for Solana stakeholders. The underlying Solana SOL is delegated to a diversified set of professional and secure validator nodes managed by the Lido DAO, ensuring decentralization and mitigating single-point-of-failure risks. This delegation process is transparent and aims to support the health and decentralization of the Solana network itself. The issuance of STSOL transforms a traditionally illiquid asset into a fungible, tradable token, integrating the benefits of staking with the flexibility of DeFi. STSOL serves as a crucial bridge between Solana s staking mechanism and its burgeoning DeFi ecosystem. It empowers a wider range of users to participate in staking without being penalized by liquidity constraints, thereby strengthening network security and decentralization. The token s design fosters greater capital utility for Solana users, allowing them to optimize their digital asset strategies by combining passive staking income with active participation in DeFi protocols. This innovation by Lido Finance underscores the growing importance of liquid staking solutions in maximizing the utility and accessibility of Proof of Stake cryptocurrencies across various blockchain networks.

Lido Staked SOL is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

What is the Lido Staked SOL coin cap?

Circulating supply of this Lido Staked SOL is 3900411. Total supply of this coin/token is 3900406. Max supply is 3900406.

What is the value of Lido Staked SOL coin?

1 Lido Staked SOL is worth $183.58.

To get price and historical data for Lido Staked SOL coin, use API ID: stsol-lido-staked-sol for endpoints at http://api.coinpaprika.com.