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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Liquid Staked ETH logo

Liquid Staked ETH

LSETH

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

Wrapped tokens

Wrapped crypto-assets (e.g. , ) (often referred to as ‘wrapped tokens’) are tokenised representations of other crypto-assets. They are typically created to facilitate compatibility and interaction across different blockchain protocols.

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Smart contract risk: Wrapped tokens rely on smart contracts to ensure their value remains pegged to the underlying asset. These contracts could have vulnerabilities or flaws that can be exploited, potentially leading to a loss of funds.

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Collateral risk: The value of a wrapped token is typically backed by an equivalent amount of the underlying asset. If the mechanisms ensuring this collateralization fail, the wrapped token's value might not be preserved.

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Custodial risk: The underlying assets for wrapped tokens may be held in custody by a third party. If this party becomes insolvent, mismanages the assets, or is subjected to fraud or hacking, the value of the wrapped token might be jeopardized.

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Bridging risk: Wrapped tokens are often used to bridge assets between different blockchain ecosystems. The integration layers that facilitate these bridges might suffer from technical issues, hampering the ability to transfer or utilize the tokens as intended.

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Pricing disparity: In certain situations, the price of the wrapped asset and its underlying asset might diverge due to market inefficiencies or liquidity issues.

About Liquid Staked ETH

LsETH is an ERC-20 token that represents ETH staked through Liquid Collective’s liquid staking protocol. The protocol aims to offer deep liquidity, while utilizing an enterprise-grade validator set.

Resources

Whitepaper
Official website

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.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£264.4M

Volume (24h)

£29,409.33

Circulating supply

103.6K LSETH

Typical hold time

14 days

Popularity

#9807

All time high

£3,303.21

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-0.38%

Price change (1d)

+6.79%

Price change (1w)

+25.45%

Price change (2w)

+26.95%

Price change (1m)

+31.31%

Price change (1y)

+54.32%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Liquid Staked ETH on social media

12 unique individuals are talking about Liquid Staked ETH and it is ranked #2,315 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Liquid Staked ETH has an average sentiment score of 3 out of 5. Finally, Liquid Staked ETH is becoming more newsworthy, with 0 news articles published about Liquid Staked ETH. This is a 0% increase in news volume compared to yesterday.

On Reddit, Liquid Staked ETH was mentioned in 1 Reddit posts and there were 3 comments about Liquid Staked ETH. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

12 people

Dominance

0%

Volume rank

#2,315

Average Sentiment

3 out of 5

Liquid Staked ETH Calculator

Liquid Staked ETH is on the rise this week.

The price of Liquid Staked ETH has decreased by 0.38% in the last hour and increased by 6.79% in the past 24 hours. Liquid Staked ETH’s price has also risen by 25.45% in the past week. The current price is £2,562.79 per LSETH with a 24-hour trading volume of £29.41K. Currently, Liquid Staked ETH is valued at 22.42% below its all time high of £3,303.21. This all-time high was the highest price paid for Liquid Staked ETH since its launch.

The current circulating supply of Liquid Staked ETH is 103,585.863 LSETH which means that Liquid Staked ETH has as total market cap of 103,585.863.

FAQ

What is the current price of Liquid Staked ETH?

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

What is the market cap of Liquid Staked ETH?

The current market cap of Liquid Staked ETH is £264.44M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Liquid Staked ETH?

The all-time high of Liquid Staked ETH is £3,303.21. This all-time high is highest price paid for Liquid Staked ETH since it was launched.

What is the 24 hour trading volume of Liquid Staked ETH?

Over the last 24 hours, the trading volume of Liquid Staked ETH is £29.41K.

What other assets are similar to Liquid Staked ETH?

Assets that have a similar market cap to Liquid Staked ETH include Droggy, Archean, SPYRO, and many others. To see a full list, see our comparable market cap assets.

How many Liquid Staked ETH are there?

The current circulating supply of Liquid Staked ETH is 104 thousand.

What is the typical holding time of Liquid Staked ETH?

The median time that Coinbase customers hold Liquid Staked ETH before selling it or sending it to another account or address is 14 days.

What is the relative popularity of Liquid Staked ETH?

Liquid Staked ETH ranks 291 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Liquid Staked ETH?

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.

Can I buy Liquid Staked ETH on Coinbase?

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.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024