Premium decomposition (price vs holder cash flow) needs our own on-chain fee data, which we are building. Until then we show price, supply, and on-chain identity.
4Overview
ETH liquid staking (stETH). Fees accrue to the DAO treasury; there is no direct LDO distribution mechanism (reserve_only). stETH yield belongs to stETH holders, not LDO.
Market cap, FDV, and circulating supply are derived from supply. This chain's native supply requires node-level data we don't source keylessly — so we show N/A rather than an estimate. Methodology →
ATH / ATL build as we accumulate price history.
Price
$0.2454 on-chain
24h change
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24h volume
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Market cap
— on-chain
FDV (fully diluted)
—
Circulating supply
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Total supply
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Max supply
—
Circulating ratio (circ÷max)
—
ATH
—
ATL
—
Full data & breakdownon-chain · events · derivatives · peers · governance · risk — expand for the institutional detail
7On-chain · holders
data wiring — next increment
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9Futures · derivatives
Derivatives data (open interest, funding) is N/A. Perpetual/futures feeds require a commercial market-data subscription we don't use, so we show N/A rather than an unverified number. Methodology →
10Protocol fundamentals
Cash-flow metrics do not apply under this lens.
11On-chain value ratios
Cash-flow metrics do not apply under this lens.
12Governance · development
on-chain governance — not on Snapshot
13News · narrative · timeline
2020.10launch (ETH liquid staking)
2020.12LDO governance token
2023.05.15V2 — staking router + ETH withdrawals
2024~CSM (permissionless) · Dual Governance
14Peer comparison
Cash-flow metrics do not apply under this lens.
15Risk · quality
AuditV2 had nine audits (Statemind, MixBytes, Oxorio, etc.). github.com/lidofinance/audits. ✅
Exploit historyNo known contract breach (no history ≠ no risk).
Centralization notes⚠️ structural: an outsized share of ETH staking (~25%+) → Ethereum-consensus centralization is the dominant risk. Dual Governance (a stETH veto) attempts to mitigate. Upgradeable.
16Our metrics over time
No trend metric for this lens yet.
On-chain owned coverage
Not yet computed from our own RPC. For cash-flow assets without our own fee data yet, the premium decomposition is shown as building — never a fake number.