Liquid Staked ETH (LSETH) is a unique digital asset that operates on the Ethereum platform. It represents a new approach to staking in the digital asset world. When users stake their Ethereum (ETH) through the Liquid Collective protocol, they receive LSETH as a receipt token. This token evidences their legal and beneficial ownership of the staked ETH, along with any network rewards that accrue to the staked ETH, minus protocol service fees and network slashing penalties, if any. The LSETH token is based on the Ethereum ERC-20 cToken model, which uses a floating conversion rate to reflect the value of accrued network rewards, penalties, and fees associated with the staked tokens.

When a user deposits ETH into the Liquid Collective protocol, they receive LSETH in return. This LSETH token represents their ownership of the staked ETH and any network rewards that accrue to the staked ETH. The conversion rate between LSETH and ETH is not fixed and can increase over time as the underlying staked ETH accrues more rewards. This conversion rate is determined by the Ethereum network and not by the Liquid Collective protocol. The LSETH tokens can be transferred, stored, traded, and utilized in decentralized finance (DeFi) or supported decentralized apps (dApps), providing users with increased liquidity and capital efficiency.

LSETH has several potential use cases in the digital asset space. Firstly, it can be held by users to accrue network rewards. Secondly, it can be exchanged for another token, providing users with flexibility in their digital asset portfolio. Lastly, LSETH can be used as collateral to participate in a wide range of DeFi activities. This allows users to leverage their staked ETH without having to liquidate their position, thereby maintaining their participation in the Ethereum network's consensus mechanism.

Liquid Staked ETH is a product of the Liquid Collective protocol. The Liquid Collective is a collective of web3 teams that strive to create an enterprise-grade liquid staking standard. The protocol was designed to meet the needs of institutions and is governed in a decentralized manner by a broad and dispersed community of industry participants. The protocol's source code is intended to be made fully public, demonstrating the collective's commitment to transparency and openness. The Liquid Collective protocol has undergone multiple audits from security experts to ensure its robustness.

We update our Liquid Staked ETH to EUR currency in real-time. Get the live price of Liquid Staked ETH on Coinbase.

The current market cap of Liquid Staked ETH is €596.40M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Liquid Staked ETH is €3,700.53. This all-time high is highest price paid for Liquid Staked ETH since it was launched.

Over the last 24 hours, the trading volume of Liquid Staked ETH is €1.05M.

Assets that have a similar market cap to Liquid Staked ETH include StakeWise Staked ETH, Wrapped Fantom, Marinade Staked SOL, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Liquid Staked ETH is 262 thousand.

Liquid Staked ETH ranks 334 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 100% of Coinbase users are buying Liquid Staked ETH. In other words, 100% of Coinbase customers have increased their net position in Liquid Staked ETH over the past 24 hours through trading.

Yes, Liquid Staked ETH is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Liquid Staked ETH guide.