What is the difference between ETH and stETH?

3 answers

• Jan 10, 2022 · 3 years ago
  ETH and stETH are both cryptocurrencies, but they serve different purposes. ETH, short for Ethereum, is the native cryptocurrency of the Ethereum blockchain. It is used as a medium of exchange and a store of value. On the other hand, stETH, short for staked Ethereum, is a tokenized version of ETH that represents a stake in the Ethereum 2.0 network. By staking ETH, users can earn stETH as a reward. So, while ETH is the main cryptocurrency, stETH is a derivative token that represents a stake in the network.
  510255
• Jan 10, 2022 · 3 years ago
  ETH and stETH are like two sides of the same coin. ETH is the original cryptocurrency, while stETH is a token that represents a stake in the Ethereum network. When you stake your ETH, you receive stETH in return. This allows you to participate in the Ethereum 2.0 network and earn rewards. So, the main difference between ETH and stETH is that ETH is the currency itself, while stETH is a token that represents your stake in the network.
  437146
• Jan 10, 2022 · 3 years ago
  ETH and stETH are similar in many ways, but they have some key differences. ETH is the main cryptocurrency of the Ethereum network, while stETH is a token that represents a stake in the network. When you stake your ETH, you receive stETH in return. This allows you to earn rewards and participate in the Ethereum 2.0 network. So, while ETH is the currency you use for transactions, stETH is a token that represents your stake and allows you to earn passive income.
  464116