Lido Staked SOL
Lido staked SOL is a tradeable receipt of SOL locked to secure the Solana chain, accrues staking yield, and is redeemable 1:1 for SOL.
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- Solana
- Market Cap: $25.5M
- Fully Diluted Valluation: $25.5M
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #85
- Circulating Supply: 106,156
- Total Supply: 106,156
- Volume (24H): $194.2K
- ATH: $318.78 (11/23/2024)
- ATL: $8.65 (12/29/2022)
stSOL is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Lido, a protocol rated as Average.
stSOL has an uncapped supply but has inflation control or burn mechanisms in place. stSOL is backed 1:1 and redeemable for SOL. stSOL can trade at a discount to 1 SOL as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (Lido smart contract bugs).
stSOL is highly correlated to the overall market. stSOL can trade at a discount to 1 SOL as it is less liquid, has less utility (cannot be used to pay for gas fees), and has more technical risk (Lido smart contract bugs).