Staked ETH (stETH) is a cryptocurrency that is created by staking Ethereum (ETH) on the Lido platform. When ETH is staked on Lido, it is converted into stETH, which represents a share of the total staked ETH pool. This allows users to earn rewards for staking their ETH without having to worry about the technical aspects of running a validator node. stETH can be traded on various cryptocurrency exchanges and can also be used as collateral for loans or other financial products.

One of the main benefits of stETH is that it allows users to earn rewards for staking their ETH without having to worry about the technical aspects of running a validator node. This makes staking more accessible to a wider range of users, including those who may not have the technical expertise or resources to run their own node. Additionally, stETH can be traded on various cryptocurrency exchanges, which provides liquidity and allows users to easily convert their staked ETH into other cryptocurrencies or fiat currencies. Overall, stETH is a promising cryptocurrency that offers a convenient and accessible way for users to earn rewards for staking their ETH.