Lido Staked Ether (stETH) is a token that represents your staked Ether in Lido, combining the fee of the preliminary deposit and staking rewards. stETH tokens are minted onto deposit and burned while redeemed. stETH token balances are pegged 1:1 to the ethers, which are staked through Lido, and the token’s balances are updated every day to reflect profits and rewards. stETH tokens can be ...