STETH (Lido)

Where the yield comes from

The reported yield primarily comes from validator rewards accruing to staked assets.

What can reduce the rate

Yield may change with network issuance, validator participation, fees, or protocol parameters.

Risk detail

Yield.ly's risk assessment summarizes observable factors and data coverage. It is not an audit, credit rating, guarantee, or recommendation. Smart contracts, assets, protocols, custodians, and market conditions can fail in ways the model does not detect.

Risk dimensions

• ProtocolModerate concern+
• GovernanceModerate concern+
• Oracle dependencyUnknown+
• AssetModerate concern+
• LiquidityModerate concern+
• Rate durabilityModerate concern+
• ExposureModerate concern+
• Custody and counterpartyUnknown+
• Terms and redemptionUnknown+
• InterconnectionModerate concern+
• Data qualityModerate concern+

Principal risks

• An emergency pause authority exists with broad scope.

Exposure

Exposure type

Single asset

Assets

STETH

User deposits STETH. Funds enter Lido on ethereum. Contracts are upgradeable or governance-controlled. Exit via unstaking or secondary market.

Exit conditions

Withdrawal may require unbonding or secondary-market liquidity.

Some product terms are currently incomplete.

Qualification notes

Meets Yield.ly's current requirements for default discovery where qualified. Learn how qualification works

• Incentive-heavy yield

  A large share of this rate comes from token incentives, which can change quickly and may depend on the reward token market value.

Data sources

Source observed

Oct 20, 2026, 8:02 AM UTC

Yield.ly refresh

Oct 20, 2026, 8:11 AM UTC

Data generated

Oct 20, 2026, 8:17 AM UTC

• DefiLlama · total APY, base APY, TVL
• CoinGecko · token icon

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